Permanent Success Is Much Better Than Permanent Failure

by Hal Mooz 15. October 2012 08:54

2 Americans win Nobel econ prize for match-making

STOCKHOLM (AP) - Two American scholars were awarded the Nobel economics prize on Monday for studies on the match-making that takes place when doctors are coupled up with hospitals, students with schools and human organs with transplant recipients. The work of Alvin Roth and Lloyd Shapley has sparked a "flourishing field of research" and helped improve the performance of many markets, the Royal Swedish Academy of Sciences said. Roth, 60, is a professor at Harvard Business School, but currently is a visiting professor at Stanford University. Shapley, 89, is a professor emeritus at University of California Los Angeles. "I consider myself a mathematician and the award is for economics," Shapley told AP by telephone. "I never, never in my life took a course in economics." Citing "the theory of stable allocations and the practice of market design," the award focused on the problem of matching different agents in a market in situations where prices aren't the deciding factor"

http://money.msn.com/business-news/article.aspx?feed=AP&date=20121015&id=15669685

 

 

 

 

 

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About Hal Mooz

Engineer, Project Manager, Entrepreneur, Author, Trainer, Lecturer, Thought Leader, Consultant

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