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Thursday, August 02, 2018

The 2018 Fields Medal and its Surprising Connection to Economics!

From Kevin Bryan at Updated Priors:

The 2018 Fields Medal and its Surprising Connection to Economics!: The Fields Medal and Nevanlinna Prizes were given out today. They represent the highest honor possible for young mathematicians and theoretical computer scientists, and are granted only once every four years. The mathematics involved is often very challenging for outsiders. Indeed, the most prominent of this year’s winners, the German Peter Scholze, is best known for his work on “perfectoid spaces”, and I honestly have no idea how to begin explaining them aside from saying that they are useful in a number of problems in algebraic geometry (the lovely field mapping results in algebra – what numbers solve y=2x – and geometry – noting that those solutions to y=2x form a line). Two of this year’s prizes, however, the Fields given to Alessio Figalli and the Nevanlinna to Constantinos Daskalakis, have a very tight connection to an utterly core question in economics. Indeed, both of those men have published work in economics journals!
The problem of interest concerns how best to sell an object. ...

    Posted by on Thursday, August 2, 2018 at 12:15 AM in Economics | Permalink  Comments (2)


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