The University of Vienna awarded the Oskar Morgenstern Medal for the first time; the inaugural recipient was Nobel laureate Roger B
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Oskar Morgenstern was a German-born economist. In collaboration with mathematician John von Neumann, he is credited with founding the field of game theory and its application to social sciences and strategic decision-making. He also made significant contributions to decision theory.
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science · German economist (1902–1977) · economist · university teacher · mathematician · political economist · also Oskar Morgenstern, Morgenstern
Born 24 January 1902 · Died 26 July 1977 · Q94028
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All economic decisions, whether private or business, as well as those involving economic policy, have the characteristic that quantitative and non-quantitative information must be combined into one act of decision. It would be desirable to understand how these two classes of information can best be combined.
Wherever mathematics has entered it has never again been pushed out by other developments. The mathematization of an area of human endeavor is not a passing fad; it is the prime mover of scientific and technological progress.
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The University of Vienna awarded the Oskar Morgenstern Medal for the first time; the inaugural recipient was Nobel laureate Roger B
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The University of Vienna relocated the Faculty of Business, Economics and Statistics and named the square Oskar-Morgenstern-Platz in his honor
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Published “Observation of a new particle in the search for the Standard Model Higgs boson with the ATLAS detector at the LHC” in Physics Letters B — cited 6,801 times.
Published “Guidelines for the Early Management of Adults With Ischemic Stroke” in Stroke — cited 1,840 times.
Published “AUGUSTUS: ab initio prediction of alternative transcripts” in Nucleic Acids Research — cited 2,755 times.
Published “Advanced mammalian gene transfer: high titre retroviral vectors with multiple drug selection markers and a complementary helper-free packaging cell line” in Nucleic Acids Research — cited 1,738 times.
Died 1977-07-26.
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“All economic decisions, whether private or business, as well as those involving economic policy, have the characteristic that quantitative and non-quantitative information must be combined into one act of decision. It would be desirable to understand how these two classes of information can best be combined.”
After which he joined the faculty of New York University
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“Wherever mathematics has entered it has never again been pushed out by other developments. The mathematization of an area of human endeavor is not a passing fad; it is the prime mover of scientific and technological progress.”
Awarded Fellow of the Econometric Society (1950).
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Was elected as a Fellow of the American Statistical Association
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Morgenstern became a United States citizen, and four years later he married Dorothy Young, with whom he had two children, Carl and Karin
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Morgenstern published the article Perfect Foresight and Economic Equilibrium, after which his colleague Eduard Čech directed him to an article by John von Neumann, Zur Theorie der Gesellschaftsspiele (1928)
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Became a professor of economics at the University of Vienna, a position he held until he visited Princeton University in 1938
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Graduated from the University of Vienna with a PhD in political science
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Born 1902-01-24.
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