Alvin E. Roth, Nobel Laureate in Economics: “Who Gets What — and Why” | Talks at Google
Alvin E. Roth, Nobel Laureate in Economics: “Who Gets What — and Why” | Talks at Google
[youtube https://www.youtube.com/watch?v=IxrN1HuRt08?rel=0&w=480&h=320]
In conversation with Google’s Hal Varian, Professor Alvin E. Roth will discuss market design and his new book. If you’ve ever sought a job or hired someone, applied to college or guided your child into a good kindergarten, asked someone out on a date or been asked out, you’ve participated in a kind of market. Most of the study of economics deals with commodity markets, where the price of a good connects sellers and buyers. But what about other kinds of “goods,” like a spot in the Yale freshman class or a position at Google? This is the territory of matching markets, where “sellers” and “buyers” must choose each other, and price isn’t the only factor determining who gets what.
