Frank P. Ramsey Medal

2012 Awardee: Robert T. Clemen, Duke University

Purpose of the Award

The Frank P. Ramsey Medal is the highest award of the DAS. It was created to recognize distinguished contributions to the field of decision analysis. The medal is named in honor of Frank Plumpton Ramsey, a Cambridge University mathematician who was one of the pioneers of decision theory in the 20th century. His 1926 essay "Truth and Probability" (published posthumously in 1931) anticipated many of the developments in mathematical decision theory later made by John von Neumann and Oskar Morgenstern, Leonard J. Savage, and others. The Ramsey Medalists are recognized for having made substantial further contributions to that theory and its application to important classes of real decision problems. The Medal is accompanied by a $1,000 honorarium.

Past Awardees

2012 Awardee Robert T. Clemen, Duke University
2011 Awardee Don N. Kleinmuntz
2010 Awardee Elisabeth Paté-Cornell , Stanford University
2009 Awardee Rakesh Kumar Sarin, University of California - Los Angeles
2008 Awardee James E. Smith, Duke University
2007 Awardee Craig W. Kirkwood, Dept. of Supply Chain Management, Arizona State University
2006 Awardee Daniel Kahneman, Princeton University
Amos Tversky, Stanford University
2005 Awardee Lawrence D. Phillips, Facilitations Limited
2004 Awardee Carl S. Spetzler, Strategic Decisions Group
2003 Awardee R. Duncan Luce, University of California - Irvine
2002 Awardee James S. Dyer, University of Texas - Austin
2001 Awardee David E. Bell, Harvard University
2000 Awardee Detlof von Winterfeldt, International Institute for Applied Systems Analysis
1999 Awardee John W. Pratt, Harvard Business School
1997 Awardee D. Warner North, NorthWorks Inc.
1996 Awardee Irving H. LaValle, Tulane University
1995 Awardee James E. Matheson, SmartOrg Inc.
1992 Awardee Robert Schlaifer, Harvard University
1990 Awardee Robert L. Winkler, Duke University
1989 Awardee Ralph L. Keeney, Fuqua School of Business, Duke University
1988 Awardee Ward Edwards, University of Southern California
1987 Awardee Peter C. Fishburn
1986 Awardee Ronald A. Howard, Stanford University, Dept. of Management Science & Engineering
1985 Awardee Howard Raiffa, Harvard University, Graduate School of Business Administration
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About the Award/Namesake

Frank Plumpton Ramsey was the first to express an operational theory of decision-making based on the dual, intertwining notions of judgmental probability and utility. In his essay "truth and Probability" in 1926, Ramsey adopted what is now termed the decision-theoretic point of view. To Ramsey, probability was an expression of a degree of belief interpreted as operationally meaningful in terms of a willingness to act based on that belief...

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Committee

2012 Committee Chair
Detlof von Winterfeldt
Professor of Industrial and Systems Engineering
Viterbi School of Engineering, RTH 312
University of Southern California
Los Angeles, CA 90089
Tel.: (949) 436 1775
e-mail: detlof@sppd.usc.edu

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