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CAMBRIDGE, MA - OCTOBER 10: MIT Professor Bengt Holmstrom talks with MIT President L. Rafael Reif before a press conference at MIT announcing his shared Nobel Prize in Economics with Harvard Professor Oliver Hart on October 10, 2016 in Cambridge, Massachusetts. Holmstrom and Hart won the prize for their work on contract theory. (Photo by Scott Eisen/Getty Images)

CAMBRIDGE, MA - OCTOBER 10:  MIT Professor Bengt Holmstrom talks with MIT President L. Rafael Reif before a press conference at MIT announcing his shared Nobel Prize in Economics with Harvard Professor Oliver Hart on October 10, 2016 in Cambridge, Massachusetts. Holmstrom and Hart won the prize for their work on contract theory. (Photo by Scott Eisen/Getty Images)