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

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