Leonard Mirman

Leonard Jay Mirman (born March 19, 1940 in New York City - † September 6, 2017 ) was an American mathematician and economist . The focus of his work was in the field of econometrics in the development and application of mathematical models for economic relationships.

Life

Mirman graduated from Brooklyn College with a Bachelor of Arts degree in mathematics in 1963 . He then moved to New York University , which he left two years later as a Master of Science . At the University of Rochester , he then began studying economics, which he also completed in 1968 as a Master of Science. In 1970 he received his Ph.D. -Graduation. He later taught at Cornell University , the University of Massachusetts, and the University of Illinois before being appointed to the University of Virginia .

Mirman excelled in particular in the mathematical description of economic relationships. He was significantly involved in the development of various model approaches to describe economic relationships. In particular in collaboration with William Brock on the one hand and David Levhari on the other hand , he achieved significant approaches:

Mirman first came into contact with Brock in Rochester. Together they dealt with the neoclassical model for economic growth initiated by Frank Plumpton Ramsey in his work “A mathematical theory of saving” in 1928 , which was further developed by Tjalling Koopmans and David Cass in the 1960s. They supplemented the model approach with decisions under uncertainty . For the continuation of this 1972 published in two papers model in terms of real economic business cycles were Edward C. Prescott and Finn E. Kydland 2004 Nobel Prize in Economics .

In 1980, Mirman and Levhari published an article entitled "The Great Fish War: An Example Using a Dynamic Cournot-Nash Solution". Using game theory approaches, the two authors showed that two effects occur in conflicts between non-cooperative participants. In addition to taking into account each other's strategy and the resulting Nash equilibrium , the combined strategies also have an impact on the development of the underlying population. Applied in the text to a fish population, the results can be applied to other economic problem areas such as macroeconomic stabilization or in the case of a lack of competition.

Web links

• Leonard Mirman at the University of Virginia
• Leonard Mirman in the IDEAS database

Individual evidence

1. ↑ BOARD OF VISITORS MEETING UNIVERSITY OF VIRGINIA. December 8, 2017, accessed January 18, 2020 . 
2. ↑ rochester.edu: "Leonard Jay Mirman (1972)" ( Memento of the original from June 26, 2010 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (accessed on July 4, 2011)