Who Gets What - and Why | Alvin E. Roth, Nobel Laureate in Economics | Talks at Google

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.

[@hacker010010101]

2 absolute geniuses

[@MarkoKraguljac]

This inspired me to go back and play with NetLogo some more :)
Anyone noticed nice retro/yellowish tinge? Was it intentional?

[@mohamednassimouldimam9935]

👍

[@Alexandruthewolf]

I got dizzy on the part about kidney transplant. It was very surreal to hear that in Iran they sell parts of a human being.

[@dovidbaum2229]

Shouldn't this be called 'Talks at Alphabet"...

[@ama-tu-an-ki]

There still is NO "Nobel prize" for economics. It's a Svenska Riksbanks pris i ekonomisk vetenskap till Nobels minne....

[@atheoma]

+nanomyou5 who cares how it's named

[@ama-tu-an-ki]

atheoma
Because it is NOT a Nobel prize. Never was. Never is.
It's like making your own Coke and calling it coke and claiming it's the same.
The selection process is not the same, it is far from science based (cf. Nobel in physiology or medicine) and is given out by a Central bank!

[@atheoma]

+nanomyou5 check out wiki though: "Each September the Academy's Economic Sciences Prize Committee, which consists of five elected members, "sends invitations to thousands of scientists, members of academies and university professors in numerous countries, asking them to nominate candidates for the Prize in Economics for the coming year. Members of the Academy and former laureates are also authorized to nominate candidates." All proposals and their supporting evidence must be received before February 1. The proposals are reviewed by the Prize Committee and specially appointed experts. Before the end of September, the committee chooses potential laureates. If there is a tie, the chairman of the committee casts the deciding vote. Next, the potential laureates must be approved by the Royal Swedish Academy of Sciences. Members of the Ninth Class (the social sciences division) of the Academy vote in mid-October to determine the next laureate or laureates of the Prize in Economic Sciences. As with the Nobel Prizes, no more than three people can share the prize for a given year; they must still be living at the time of the Prize announcement in October; and information about Prize nominations cannot be disclosed publicly for 50 years."
still, whatever you call it, it's just a prize (so is nobel in any other field). if you have one, it doesn't mean you are god. if one doesn't have it, it doesn't mean he/she doesn't deserve it. it's rather an expression - both symbolical and monetary - of respect that the field society pays to its member who once made an exceptionally valuable contribution. if you have any doubts, you better let them be about scholarly importance of the work of an award recipient, rather than how to call it. ;)