Robert B. Wilson, Nobel Prize in Economics 2020

Robert Butler "Bob" Wilson, Jr. (born May 16, 1937) is an American economist and the Adams Distinguished Professor of Management, Emeritus at Stanford University. He is known for his contributions to management science and business economics. His doctoral thesis introduced sequential quadratic programming, which became a leading iterative method for nonlinear programming. With other mathematical economists at the Stanford Business School, he helped to reformulate the economics of industrial organization and organization theory using non-cooperative game theory. His research on nonlinear pricing has influenced policies for large firms, particularly in the energy industry, especially electricity. He was jointly awarded the 2020 Nobel Memorial Prize in Economic Sciences with Paul R. Milgrom "for improvements to auction theory and inventions of new auction formats."

Honours:

• 1994: National Academy of Sciences
• 2014: Golden Goose Award
• 2015: BBVA Foundation Frontiers of Knowledge Award in the Economics, Finance and Management.
• 2018: John J. Carty Award for the Advancement of Science.
• 2020: Nobel Memorial Prize in Economic Sciences