Dale T. Mortensen Quotes
Dale T. Mortensen — American Economist born on February 02, 1939, died on January 09, 2014
Dale Thomas Mortensen was an American economist. He received his B.A. in economics from Willamette University and his PhD in Economics from Carnegie Mellon University... (wikipedia)
As the future is never known with certainty, the evaluation of the prospective benefits requires the formation of expectations. An acceptable house, partner or job, then, is one that offers an expected stream of future benefit that has a value in excess of the option to continue to search for an even better alternative.
My co-winners, Peter Diamond and Christopher Pissarides, and I wish to thank the Royal Swedish Academy of Sciences and the Nobel Foundation for this very great honor. We each feel privileged and humbled to be named the winners of the 2010 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
