Hobart Peyton Young was born on March 9,1945 and is an American game theorist and economist known for his contributions to evolutionary game theory and its application to the study of institutional and technological change, as well as the theory of learning in games.
16 Facts About Peyton Young
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Peyton Young is currently centennial professor at the London School of Economics, James Meade Professor of Economics Emeritus at the University of Oxford, professorial fellow at Nuffield College Oxford, and research principal at the Office of Financial Research at the US Department of the Treasury.
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Peyton Young was named a fellow of the Econometric Society in 1995, a fellow of the British Academy in 2007, and a fellow of the American Academy of Arts and Sciences in 2018.
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Peyton Young served as president of the Game Theory Society from 2006 to 2008.
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Peyton Young has published widely on learning in games, the evolution of social norms and institutions, cooperative game theory, bargaining and negotiation, taxation and cost allocation, political representation, voting procedures, and distributive justice.
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Peyton Young completed a PhD in mathematics at the University of Michigan in 1970, where he graduated with the Sumner B Myers thesis prize for his work in combinatorial mathematics.
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From 1976 to 1982, Young was research scholar and deputy chairman of the Systems and Decision Sciences Division at the Institute for Applied Systems Analysis, Austria.
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Peyton Young was then appointed professor of Economics and Public Policy in the School of Public Affairs at the University of Maryland, College Park from 1992 to 1994.
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Peyton Young has been centennial professor at the London School of Economics since 2015 and remains a professorial fellow of Nuffield College, Oxford.
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Peyton Young develops powerful graph-theoretic tools for identifying the stochastically stable states.
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Peyton Young introduces his model of social interactions called 'adaptive play.
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Foster and Peyton Young introduce a learning procedure in which players form hypotheses about their opponents' strategies, which they occasionally test against their opponents' past play.
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Peyton Young has made significant applied contributions to understanding the diffusion of new ideas, technologies and practices in a population.
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Peyton Young characterized the mean dynamic of each of these processes under general forms of heterogeneity in individual beliefs and preferences.
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Peyton Young has contributed an axiomatization of the Shapley value.
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Peyton Young further argues that Marquis de Condorcet himself was aware of the Kemeny-Peyton Young rule and its maximum-likelihood interpretation, but was unable to clearly express his ideas.