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Blessed with Beautiful Minds, Engineering 'Stable Outcomes'

EPISODE · Nov 14, 2012 · 24 MIN

Blessed with Beautiful Minds, Engineering 'Stable Outcomes'

from The Breakfast Grille · host BFM Media

Alvin Roth, Co-Winner of the 2012 Nobel Economics Prize, discusses: - Early work of Co-Winner Lloyd Shapley;- Misallocation of scarce resources;- Shapley's work in ‘Game Theory’ - evaluate, in a numerical way, decisions in games and other interactions between people; - Being drawn to a 'more useful purpose' for what could often seem arcane mathematical riddles; - Roth's chance to put ideas into practice - 1999 - match young doctors to their first jobs as residents; - 2003 - redesign system that determined how students were assigned to schools in New York City; - Work on the New York City high school applications system - 2003; - So-called ‘unstable outcomes’.See omnystudio.com/listener for privacy information.

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Blessed with Beautiful Minds, Engineering 'Stable Outcomes'

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