American, Israeli Win Nobel Economics Prize

Thomas C. Schelling

University of Maryland economist Thomas C. Schelling speaks to reporters in College Park, Md., after winning the Nobel Prize, Oct. 10, 2005. Reuters hide caption

itoggle caption Reuters

Israeli and U.S. citizen Robert J. Aumann and American Thomas C. Schelling win the 2005 Nobel Memorial Prize in Economic Sciences for their work on game theories that help explain economic conflicts, including trade and price wars. Steve Inskeep talks to Adam Davidson about the prize.

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