David M. Kreps

David M. Kreps is an influential American economist known for his contributions to game theory, economics, and decision-making processes. He has developed models that help explain how individuals and firms make choices under uncertainty and interact strategically. Kreps emphasizes the importance of preferences in understanding economic behavior and how expectations shape decisions over time. He is also recognized for his work on dynamic programming and contract theory, which examines how contracts are structured to align incentives and actions in economic relationships. His research has significantly impacted both theoretical economics and practical applications in business and policy.