WU Professor Wolfgang Obenaus, a high-profile business communication expert, has been awarded the Austrian Cross of Honor for Science and Art, First Class. On behalf of Federal President Alexander Van der Bellen, Christoph Ramoser of the Federal Ministry of Education, Science and Research (bmbwf) presented Prof. Wolfgang Obenaus with the Austrian Cross of Honor for Science and Art, First Class, during the ASEA-UNINET Plenary Meeting in Linz.
On Friday, July 8, 2022, the International Schumpeter Society (ISS) announced at the 19th ISS Conference that the Schumpeter Prize 2022 is presented to Michael Peneder and Andreas Resch. They receive the award for their monograph entitled “Schumpeter’s Venture Money,” Oxford University Press, 2021. It is the first time that this prestigious award goes to Austria.
The William F. Sharpe Award for Scholarship in Financial Research is presented by the Journal of Financial and Quantitative Analysis (JFQA). The Award recognizes researchers who have most contributed to our understanding of important areas of financial economics.
Risks and returns, price equilibria, or systemic risk – if a situation involves multiple criteria or actors, concepts such as the Nash equilibrium and Pareto optimality can help in decision-making. So far, the Nash and Pareto concepts have been regarded as inherently different. Birgit Rudloff, deputy head of the Institute for Statistics and Mathematics at WU (Vienna University of Economics and Business), has now shown, however, that the two concepts coincide under certain conditions. If the Pareto optimization problem for any non-cooperative game is constructed in a specific way, the set of all Pareto optimal solutions coincides with the set of all Nash equilibria. This insight makes it possible to apply Pareto optimality methods and algorithms to Nash equilibria.
The International Political Economy Society (IPES) has honored Jonas Bunte, professor of international political economy at WU Vienna, for his book “Raise the Debt: How Developing Countries Choose Their Creditors.”
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