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Nobel Prize winner economist Thomas Schelling passes away
Nobel Prize winner economist Thomas Schelling passes away at the age of 95 at his home in Bethesda, Maryland
The cause of the death of Thomas Schelling was not confirmed but no autopsy was conducted.
Thomas Schelling was the professor of Harvard University and University of Maryland who used game theory to explain nuclear strategy.
Thomas Schelling famous for game theory
The games theory of Thomas Schelling is a mathematical study of strategies used in competitive situations.
Thomas Schelling was awarded Nobel Prize in Economics in the year 2005 for cooperation and understanding of conflict through game-theory basis.
Thomas Schelling used games theory to describe why white homeowners fled mixed-race cities for the suburbs.
The best known book of Thomas Schelling was ‘The strategy of Conflict 1960’.