Professor Robert Aumann, winner of the Nobel Prize for Economics in 2005, returns to Goldstein on Gelt to share more of his insights on pairwise matching, what this means, and how to apply its logic to making everyday decisions.
Posts Tagged ‘economics’
How do business owners plan? Is there a specific set of thinking skills that you need to make your enterprise a success? And can strategic thinking be applied to everyday life? This week, Doug interviews Professor Stanley Ridgley, Assistant Professor in the Department of Management at Drexel Universitys LeBow College of Business. Professor Ridgley is the author of The Complete Guide to Business School Presentations: What your professors dont tell you…what you absolutely must know. Professor Ridgley tells Doug which skills you need to make the most of your business.
Alvin Roth and Lloyd Shapley, American economists with ties to Israeli universities, won the Nobel Prize for Economics.
The professors won the prize, called the Nobel Memorial Prize in Economic Sciences, for their research in how to make economic markets work better by more precisely matching supply with demand. Shapley used game theory to study the problem. Roth helped redesign the medical residents’ match program to make it more efficient for young doctors.
The prize was announced Monday.
Shapely, 89, was awarded an honorary doctorate from Hebrew University in 1986 and has worked with Israeli Nobel Prize laureate Robert Auman, who won his Nobel for his work with game theory.
Roth, who is Jewish, was a visiting professor of economics at The Technion in Haifa in 1986, and a visiting professor at the Hebrew University in Jerusalem and Tel Aviv University in 1995. Roth frequently visits Israel, Auman told JTA.
“I have been hoping for this for years,” Auman said of the award to Roth and Shapley. “It is absolutely the best choice that could be made.”
Roth, 60, is a professor at Harvard University in Boston, but will be leaving for Stanford University, where he is currently a visiting professor of economics, at the end of the year. Shapley is professor emeritus at the University of California, Los Angeles.
Sheldon “Shelly” Lisbon was sworn in recently as a new commissioner in the town of Surfside, Florida.
Lisbon was born in 1946 to Holocaust survivors in a displaced persons camp in Germany. At the age of three he sailed from Europe with his parents, starting a new life in America.
Lisbon is the quintessential American success story. He graduated from Boston Lubavitch High School, going on to study at Yeshiva University, the University of Maryland and Catholic University where he received advanced degrees.
He and his wife, Miriam, ran a successful Judaic gift and bookstore in Maryland for 25 years. They have a married son and daughter and seven grandchildren.
Lisbon is also an educator and has taught AP United States government, world history and economics since 1970. The couple moved to Surfside in 2006. They both teach in yeshivot in North Miami Beach.
Lisbon had served on Surfside’s planning and zoning board since 2010. The only negative effect of his new position is that the popular president of Young Israel of Bal Harbour has had to resign his position in the shul. It could have been construed as a conflict of interest.
A two-day strike that disrupted municipal services nationwide came to an end late Tuesday night as the Union of Local Authorities and the Prime Minister’s Office found middle ground on a range of economic issues.
The most significant outcome of the understandings reached by the two sides was the granting of discounts on water tax rates, which have already risen sharply over the past year, and a freeze on planned changes to municipal tax rates that would primarily benefit large families but dig into the budgets of financially strapped towns.
Still unsolved are about a dozen issues, including education and special needs programs, the distribution of national lottery revenues and other services, with both sides insisting that the other should bear the burden of financing the programs. According to the agreement reached late Tuesday night, these issues will be examined by a committee that is to be established in the coming days.
Responses to the agreements were divided along party lines. Interior Minister Eli Yishai, of Shas spearheaded support for the ULA’s list of demands, with support from Labor and Kadima. Most of the mayors who agreed to end the strike were affiliated with the Likud Party – following the lead of Prime Minister Binyamin Netanyahu, who strongly opposed the ULA’s demands, which he said would cost the government billions of shekels.
On Wednesday, Finance Minister Yuval Steinitz announced that the Bank of Israel had adjusted its expectations for economic growth in 2012 downward, from 4% to 3.2%.
This was his style – meticulous adherence to halacha but without show and fanfare.
“Rabbi Dr. Aaron Levine is a world-renowned authority on the Talmud, on economics, and on ethics. Here he has put together a remarkable collection of essays on and surveys of a very wide range of issues bearing on the relationship between Jewish literature, law, and practice on the one hand, and, on the other hand, economic theory and business practice – especially business ethics. The volume spans thousands of years, from Biblical times to modern Israel, and one may expect it to become a standard reference.”
Reb Aaron, my friend, I miss you! We all miss you! You have left a huge void in our lives.