Chinese University Honors Nobel laureates

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Last updated at: (Beijing Time) Wednesday, August 14, 2002

Chinese University Honors Nobel laureates

Nobel Prize winners John Nash and Ryinhard Selten and 11 other leading authorities in the Game Theory were made honorary professors of Qingdao University Tuesday in east China's Shandong Province.

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Nobel Prize winners John Nash and Ryinhard Selten and 11 other leading authorities in the Game Theory were made honorary professors of Qingdao University Tuesday in east China's Shandong Province.

As creators of the Game Theory, the two Nobel laureates have made it the groundwork for microeconomics and an indispensable component of mainstream economics. The theory has been widely applauded in academic circle for its successful application in related fields.

Both Nash and Selten won Nobel Prize in 1994. The former is from the Princeton University in the United States and the latter from Germany's Bonn University.

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