Alvin Roth, Nobel Economics Prize
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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’.
Alister Bartholomew, CEO, Tenby Schools Malaysia
Dr. Christina Ng, Medical Oncologist, Sunway Medical Center
Professor Alfred Montero, Frank B. Kellogg Chair of Political Science, Carleton College
Dr. Chuah Siew Kee, Physician