AMERICAN THOMAS C. SCHELLING WINS 2005 NOBEL MEMORIAL PRIZE IN ECONOMICS
University of Maryland Economics Professor, Thomas C. Schellings, won the 2005 Nobel Memorial Prize in Economic Science on Oct. 10, 2005. Thomas shares the prize with Israeli citizen Robert J, Aumann for their work on game theories that help explain economic conflicts, including trade and price wars. (UPI Photo/University of Maryland)
STOCKHOLM, Sweden, Oct. 10 (UPI) -- Game-theory experts in Israel and the United States were selected to share the 2005 prize for economics awarded by a Nobel-affiliated committee in Sweden.