Nobel Prizes: Al Roth and Lloyd Shapley

Great choices. Al Roth for matching and the design of new types of markets. Lloyd Shapley for fundamental contributions to game theory and mathematical economics including the Gale-Shapley algorithm which is a cornerstone of the matching methods Al Roth pioneered. I am especially pleased about this because of Roth’s great work on improving kidney allocation. Here is Roth’s blog, Market Design and here he is giving a talk at Google. Here is what I wrote in 2010 about Roth

Roth has applied heavy-duty theory to the very practical problems of matching doctors to residency programs, children to schools, economists to departments and kidneys to patients in a way that is stable, incentive-compatible, and maximizes the gains from exchange.  In my view, Roth is the most influential economist working today. Influential among other economists?  Yes.  But what I really mean is influential in the world.

Previous posts on MR about Roth (also here). Roth’s papers.

More soon.