He also is credited with reviving thefieldof animal behavior after discovering that both instinctive and learned behavior is necessary for long-term species survival.
For those of us who conduct ourselves with complete integrity, and most professional investors do, this type ofbehavior makes the playing field less than level.
And while Eli may be correct that people who produce a lot of external value get rewarded in the long run, it would help if the economics field did a better job of rewarding positive externality generating behavior and of explicitly arguing for optimal social norms.
Varadhan, New York University, for his work in probability theory, especially his work on large deviations from expected random behavior which has revolutionized this fieldof study during the second half ofthe 20th century, and become a cornerstone of both pure and applied probability.
This has encouraged literally hordes of nonmeteorologists -- many of whom who do not understand storm structure or behavior -- carrying cellular phone cameras into thefield.