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.
Prof. Bengt Holmström won the Nobel Economics Prize for his work on contract theory, Daniel Dickson and Ross Kerber report for Reuters. "This theory has really been incredibly important, not just for economics, but also for other social sciences," said Prof. Per Stromberg, a member of the prize committee.
Prof. Emeritus Rodney Brooks and Prof. Michael Stonebraker are featured in Boston Magazine’s list of the 30 most influential people in the local technology scene. Brooks was honored for his work in the field of robotics, and Stonebraker for his work developing new ways for data to be stored and analyzed.
Prof. Ramesh Raskar has been awarded the Lemelson-MIT prize for his “trailblazing work which includes the co-invention of an ultra-fast imaging camera that can see around corners, low-cost eye-care solutions and a camera that enables users to read the first few pages of a book without opening the cover,” writes Krishna Pokharel for The Wall Street Journal.
Tamara Dietrich writes for the Daily Press that postdoctoral fellow Or Hen has been awarded the Jefferson Science Associates Thesis Prize, which is “awarded every year for the best Ph.D. student thesis on research conducted at Jefferson Laboratory in Newport News.”
In an article for The Boston Globe, Sacha Pfeiffer writes that undergraduate Farita Tasnim has been named to Her Campus’ list of 22 Under 22 Most Inspiring College Women. Pfeiffer writes that Tasnim has been “dubbed a ‘STEM goddess’ for captaining her high school robotics team and creating her own electronics lab, among other accomplishments.”
Graduate student Max Opgenoord and MIT senior Sara Volz are featured in The Improper Bostonian’s list of 25 rising stars, age 25 and under. Opgenoord was honored for his work on the MIT Hyperloop team, and Volz was noted for her work experimenting with algae as a sustainable fuel source.
Prof. Susan Lindquist has been named a recipient of the Albany Medical Center Prize in Medicine and Biomedical Research, according to the AP. Lindquist’s research has raised hopes that “treatments could prevent protein ‘misfolding’ that drives degenerative conditions like Alzheimer's, Parkinson's and Lou Gehrig's disease.”
Prof. Emeritus Rainer Weiss has been awarded the 2016 Kavli Prize in Astrophysics for his work on the first direct detection of gravitational waves, reports Malcom Ritter for the Associated Press. Ritter notes that “Einstein had predicted a century ago that the waves exist; the announcement that they'd been observed made headlines in February.”