Awards, honors and fellowships

Kevin Slane writes for Boston.com that a number of the honorees recognized on Forbes’ “30 Under 30” list are members of the MIT community. 

Washington Post reporter Nick Anderson writes that four MIT students - Matthew Cavuto, Zachary Hulcher, Kevin Zhou and Daniel Zuo - have been named recipients of the prestigious Marshall scholarships. The MIT group is “the largest delegation of Marshall Scholars named this year from a single school.”

Prof. Emeritus Rainer Weiss and the LIGO team were honored as recipients of the 2016 Breakthrough Prizes during a ceremony in California, reports Lisa Krieger for Mercury News. The LIGO team was honored for their “observation of gravitational waves, a discovery which opens new horizons in astronomy and physics.” 

Boston Globe reporter Eric Moskowitz spotlights the work of Margaret Hamilton, a recipient of the Presidential Medal of Freedom who led the development of software for the Apollo missions while at MIT. President Barack Obama noted that Hamilton, “symbolizes that generation of unsung women who helped send humankind into space.”

TechCrunch reporter Devin Coldewey writes that Margaret Hamilton, a computing pioneer who led the development of the Apollo program’s on-board flight software during her time at MIT, has been named a recipient of the Presidential Medal of Freedom. Coldewey writes that Hamilton is an inspiring figure “for anyone looking to enter the fields of computer science and engineering.”

MIT alumna Margaret Guo was named the 2016 NCAA Woman of the Year during a ceremony in Indianapolis, reports Emily McCarthy for The Boston Globe. Guo says the award “reflects the amount of support I’ve had and the people around me who have pushed me to become better than I could have been by myself.”

NPR’s Steve Inskeep notes that in a 2010 episode of “The Simpsons” Milhouse van Houten predicts that Prof. Bengt Holmström will win a Nobel Prize in economics. Inskeep jokes that Milhouse was a visionary, who “knew way before the rest of the world that MIT's Bengt Holmström had genius in him.”

Nobel laureate Prof. Bengt Holmström speaks with NPR’s Steve Inskeep about the importance of incentives. Holmström recounts becoming interested in incentives while working at a multinational conglomerate after realizing computers could not “replace a lot of what the human mind is thinking,” adding that incentives are how “you influence people’s behavior.”

In an article for The Boston Globe, Steve Annear notes that during an episode of “The Simpsons” Milhouse Van Houten predicts that MIT Prof. Bengt Holmström will win a Nobel prize in economics. Annear writes that “Milhouse’s prediction was spot on — but a few years too early. On Monday, Holmström finally earned his due.”

Charles Duxbury and Mike Bird write for The Wall Street Journal that Prof. Bengt Holmström is one of the recipients of the 2016 Nobel Prize in economics. Holmström was honored, in part, for developing a model that examines “how pay should be linked to performance and how an optimal contract carefully weighs risks against incentives.”

Prof. Bengt Holmström received the Nobel Prize in economics for his research on contract theory, writes Chris Giles for the Financial Times. Holmström, who said he was “dazed … very surprised and very happy” about winning the award, found “an optimal contract should link payments to outcomes that reveal the performance of either party to a contract.”

Lisa Mullins of WBUR’s All Things Considered speaks with Prof. Bengt Holmström about winning the Nobel Prize in economics for his work examining how contracts motivate and affect people’s behavior. Holmström explains, “incentives are not just about paying people, it is also about job design.”

Prof. Bengt Holmström and Harvard Prof. Oliver Hart were awarded the Noel Prize in economics for their work on how to design better contracts, Deirdre Fernandes and Hiawatha Bray report for The Boston Globe. “Bengt and Oliver’s research has not only helped us to better understand incentives and institutions, it has helped us design better ones,” explains Prof. James Poterba. 

Jeff Guo writes for The Washington Post about Prof. Bengt Holmström, one of the recipients of this year’s Nobel Prize in economics. “It’s just such a richly deserved prize,” said Glenn Ellison, head of MIT’s economics department. “Bengt’s work is outstanding both for answering really important questions, and for how beautifully crafted it is mathematically.”

Associated Press reporter Karl Ritter writes that Prof. Bengt Holmström has been honored with the Nobel Prize in economics. ‘‘I certainly did not expect it, at least at this time, so I was very surprised and very happy, of course,’’ Holmström said.