Could this be the best Nobel pairing ever? (It's certainly a great one, and one of the best things to come out of 2020 so far...) Here's the announcement:
"The 2020 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded to Paul R. Milgrom and Robert B. Wilson “for improvements to auction theory and inventions of new auction formats" https://www.nobelprize.org/
I've known Paul at least since 1978, when he attended a course I taught while on leave at Stanford, on Axiomatic Models of Bargaining. Bob advised both of our dissertations, although not at the same time.
Bob is a legendary advisor of grad students. Paul is now the third of Bob's students to win a Nobel. So Bob is well established as the patriarch of a Nobel dynasty.
|Bob Wilson's Nobel dynasty (to date): Wilson (with Milgrom) 2020, and Bob's students Roth (with Shapley) 2012, Holmstrom (with Hart) 2016, and Milgrom (with Wilson) 2020|
It looks like we should check back in 2024...
Here's another picture, from another celebration:
Journal of Economic Perspectives—Volume 33, Number 3—Summer 2019—Pages 118–143
|Bob Wilson and Paul Milgrom in 2006|
There's a rabbinical literature about the relationships between students and teachers. It often comes to mind when I think about how lucky I have been to have the students I've had. But today I'm reminded of my luck in having Bob Wilson as my teacher and friend, and Paul as my friend and colleague.