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Thomas C. Schelling
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{{Infobox economist | name = Thomas C. Schelling | image = | birth_year = 1921 | death_year = 2016 | nationality = American | institution = University of Maryland | field = Game Theory | awards = Nobel Memorial Prize in Economic Sciences (2005) }} '''Thomas C. Schelling''' (1921β2016) was a [[American]] [[economist]]. He was an American economist who used game theory to study conflict, negotiation, and international relations. He worked on nuclear strategy. Thomas won the [[Nobel Memorial Prize in Economic Sciences]] in 2005 for work in [[Game Theory]]. == Early Life and Education == Thomas C. Schelling was born in 1921. He studied economics and showed great talent from an early age. He went on to work at University of Maryland, where he did most of his important research. == Work and Research == Thomas C. Schelling's most important contribution was in the field of '''[[Game Theory]]'''. The Nobel Committee gave him the prize "For having enhanced our understanding of conflict and cooperation through game-theory analysis". His ideas changed how economists think about game theory. He developed new mathematical and analytical tools that other economists still use today. His work at University of Maryland helped make these ideas famous around the world. == Nobel Prize == In 2005, Thomas C. Schelling received the '''[[Nobel Memorial Prize in Economic Sciences]]'''. He was awarded the prize for his work in [[Game Theory]]. The Nobel Committee said the award was given: ''For having enhanced our understanding of conflict and cooperation through game-theory analysis.'' He shared the prize with other economists who worked on similar problems. == Legacy == Thomas C. Schelling's ideas are still very important in economics today. Many of his theories are taught in universities and used by economists, governments, and businesses around the world. == References == {{reflist}} == External Links == * [https://www.nobelprize.org Nobel Prize official website] * [https://www.nobelprize.org/prizes/economic-sciences/2005/summary/ Nobel Prize 2005 - Economic Sciences] [[Category:SciWiki Articles]] [[Category:Nobel Prize in Economics winners]] [[Category:Nobel laureates]] [[Category:2005 Nobel Prize winners]] [[Category:American economists]] [[Category:Game Theory economists]] [[Category:Economists]]
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