Alvin Roth and Lloyd Shapley were awarded the Nobel Prize in Economics on Monday for their work on market design and match theory, "which relate to how people and companies find and select one another in everything from marriage to school choice to jobs to organ donations." Roth, who recently accepted a new position at Stanford University, has put his theories to practical use on a program that matches new doctors to hospitals and a project matching up kidney donors. Shapley, a professor emeritus at UCLA, "made some of the earliest theoretical contributions to research on market design and matching, in the 1950s and 1960s."
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