- American economists Paul R. Milgrom and Robert B. Wilson won The Nobel Prize in Economics “for improvements to auction theory and inventions of new auction formats.”
- Milgrom and Wilson are both faculty members at Stanford University, as well as neighbours. Milgrom was once Wilson’s graduate student, according to the Stanford News Service.
- Milgrom found out that he won when Wilson knocked on his door at 2:15 a.m., according to Stanford University, which posted a Nest video recording of the event.
- The video shows Wilson telling Milgrom, “Paul, it’s Bob Wilson. You’ve won the Nobel Prize.”
- In Stockholm, Milgrom’s wife learned that her husband won the Nobel prize when she “received a security-camera notification on her phone” when Wilson rang the doorbell, according to Stanford.
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The #NobelPrize committee couldn't reach Paul Milgrom to share the news that he won, so his fellow winner and neighbor Robert Wilson knocked on his door in the middle of the night. pic.twitter.com/MvhxZcgutZ
— Stanford University (@Stanford) October 12, 2020
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