Emeritus Professor of Economics and of Operations Research at Stanford University (United States). Nobel Prize in Economics 1972.
Emeritus Professor of Economics and of Operations Research at Stanford University. His impossibility theorem placed him at the forefront of the modern economic theory of social choice and earned him the Nobel Prize in Economics.
Also known for developing the concepts of moral hazard and adverse selection, his pioneering scholarship on the economics of information, and the Arrow-Pratt measure of risk aversion, he is currently researching on economic price theory, dynamic economics with uncertainty, and environmental economics.
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