His work is quite important as he researched and made quite a few contributions to game theory. I read up on the some of the work he did and it is quite relevant to the course. He applied his previous search of game theory to the research of organizations. He utilized several methods to describe about how manufacturing has evolved over time and how they can be more efficient.
I did not know Dr. Milgrom at all before I was assigned this alias but after researching I understand now how important he is to the field of economics.
He's also one of the authors of the textbook we are using for this course. Milgrom and Roberts wrote many papers together.
ReplyDeleteI noticed that after reading about Milgrom, he is quite accomplished not only academically but in also key governmental policy and businesses. He, along with others were instrumental in designing a multiple round auction that was implemented by the FCC/
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