What is market design, and how is it applied to daily life? In part 2 of the Goldstein on Gelt show this week, we meet Professor Alvin Roth, a professor of economics at Stanford University, who won the Nobel Prize in Economic Sciences in 2012 for his work on market design. Professor Roth tells us how his matching programs are applied to kidney donation, getting married, and students choosing residency programs. Listen to this great interview to learn more.
Posts Tagged ‘Alvin Roth’
The subject that brought this years Nobel Prize for Economics to winners Alvin Roth and Lloyd Shapley is pairwise matching. But what is pairwise matching, and how can it be applied to everyday life choices? Doug Goldstein interviews Nobel Laureate Professor Robert Aumann, winner of the prize in 2005, who explains what pairwise matching is and how it can be applied to life decisions, such as who to marry and which medical school to attend.