Kim C. Border | |
---|---|
Born | June 27, 1952 |
Died | November 19, 2020 68) [1] | (aged
Nationality | American |
Alma mater | [2] |
Known for | Border's theorem |
Children | 1 |
Scientific career | |
Fields | Economics |
Doctoral advisor | Marcel Kessel Richter [2] |
Kim C. Border was an American behavioral economist and professor of economics at the California Institute of Technology.
Border received a bachelor's degree in economics from Caltech in 1974. Shortly after completing his Ph.D. in economics at the University of Minnesota in 1979, he returned to Caltech as a faculty member, where he remained for over forty years. [1]
Border specialized in decision theory and auction design. In 1991, he proved a set of inequalities (now known as Border's theorem) that characterize the possible allocations for a single-item auction, [3] a result that now plays a key role in the computational design of auctions. [4] He also contributed several applications of Arrow's impossibility theorem to economic domains. [5]
Border was also known for his teaching in subjects of mathematical economics, and for his extensive in-depth lecture notes. [6]
Border died on November 19, 2020, and is survived by his son. [1]