ORIE Professor Peter Frazier, David Kempe (CUCS PhD '03), Jon Kleinberg and Robert Kleinberg won the Best Paper award at the 2014 ACM Conference on Economics and Computation for "Incentivizing Exploration". This is actually the second time Bobby Kleinberg has won, since he also received the award in 2010 for a paper with Alex Slivkins (CUCS PhD '06) and another colleague.
The award is given annually to a single paper, and recipients receive a plaque each and an honorarium of $500 to be shared among them. Click Here