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."
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Watch out, China — America is working on dogfighting drones
- How liberals are unwittingly paving the way for the legalization of adult incest
- 43 TV shows to watch in 2014
- How the Simpsons/Family Guy crossover revealed the worst of both shows
- Why the Chinese military is only a paper dragon
- The troubling persistence of eugenicist thought in modern America
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Why America won't have enough money to battle ISIS
- Libertarianism's terrible, horrible, no good, very bad idea
- 11 facts yü should know about the umlaut
Subscribe to the Week