Friday, February 26, 2016

A Freakonomics listener was inspired to become a non-directed kidney donor by the podcast on kidney exchange

In June, 2015, right around the time my book Who Gets What and Why was published, Steven Dubner and his team at Freakonomics published a podcast called Make Me a Match, in which he interviewed me and others about kidney exchange, among other things. Now, in a new podcast, Dubner interviews a listener named Ned Brooks who was inspired by that interview to become a non-directed kidney donor and start a kidney exchange chain. In fact, not only does Dubner interview the donor, he interviews the woman who received his kidney, and in fact introduces the two of them for the first time. Pretty dramatic stuff.

Here's the link to the podcast, where you can (both) listen to it and read the whole transcript.

Ask Not What Your Podcast Can Do for You, February 25, 2016 by Stephen J. Dubner

Below is the part of the transcript that has to do with kidney donation and transplantation. If you read it through, I predict you'll be moved (at one point Dubner says he's crying, so at least he was moved), and if you get to the end you'll find out about a new organization that Brooks has established to help find new donors for people who need them.

"Let me introduce you now to Ned Brooks.
DUBNER: Ok. Hello, Ned?
NED BROOKS: Stephen, how are you?
DUBNER: Hey! Great, how’re you? Nice to meet you.
BROOKS: Nice to hear you.
DUBNER: Thanks for doing this, the interview, but doing the actual deed.
BROOKS: It was a very easy thing to do.
Ned Brooks is 65 years old.
BROOKS: I live in Norwalk, Connecticut. I’m semi-retired after a couple of careers, on Wall Street and in real estate.
He’s been married for 34 years. Three grown children. One day last year, Brooks was in his car.
BROOKS: And we were listening to your podcast about Alvin Roth, the Nobel Prize winner in economics who created a model to trade indivisible items without the use of money. And I think he was talking about houses at the time, but it seems to work very well for the kidney chain as well.
The episode was called “Make Me a Match.” Al Roth was describing how he and others had created a series of algorithms that helped match people in need of a kidney transplant with potential donors
BROOKS: And I listen to the podcast with growing interest because what came through to me about the power of the kidney chain, as somebody with a business background, is the concept of leverage. That one altruistic donor — and an altruistic donor is someone who gives a kidney without having anybody particular in mind to receive it. And it provides a lot of options for the people who put these things together, to start a kidney chain. And that results in a sequence of transplants that can affect a lot of people.
DUBNER: Now, have you ever considered giving a kidney before then?
BROOKS: No, no I did not.
DUBNER: And what was it about, about the message from Al Roth in that podcast that either, kind of, alerted you? What did you learn, or what changed your mind that made you start to think about that, then?
BROOKS: Well, the concept that we have two kidneys and we only need one.
DUBNER: Now did you know that ahead of time, or not really?
BROOKS: Yes, I did know that much. What I did not know is all the benefits that accrues to one who donates a kidney. The process is lengthy in terms of the amount of testing that you go through to do so. But …
DUBNER: Now, you’re saying that the medical tests were the benefits?
BROOKS: Oh, absolutely.
DUBNER: I just want to clarify here.
BROOKS: Absolutely. Look, you get many thousands dollars of testing for free.
DUBNER: Can I just say something, Ned? I think you and I are fundamentally different people, because if I were going to get several thousands of dollars worth of something free I would want it to be, you know, golf, or something, fishing boat. Not medical testing, but tell me more about your great desire …
BROOKS: Well, you’re not 65, and knowing that all your organs are free of any contaminants is a very reassuring thing, actually.
Let me be clear. It wasn’t really all the free medical testing that made Brooks want to become a kidney donor.
BROOKS: I think this is something I have to do. It required some thought, discussion with my wife that day in the car. I spent one restless night, probably about three hours trying to understand what my own motivations were and if they were the right ones to be doing this. And once I put that to rest, then it was a very easy thing to do.
DUBNER: Did you decide immediately to become a non-directed donor? Meaning that your kidney would be available for anyone who needed it? Or, did you think about trying to help someone in particular?
BROOKS: As great as it would be to help someone in particular, I didn’t know anyone who needed a kidney. And in fact, the leverage comes from being an altruistic donor. You can’t start a kidney chain unless you’re altruistic about it.
DUBNER: Let’s say I need a kidney and my wife is willing to donate or someone else in my family is willing to donate, but they’re not a match. They’re not a physiological match for me. But they would donate a kidney of theirs to someone else who is a match. They then enter the chain, correct?
BROOKS: So, call them “Couple A.” And Couple B is in the same situation as is Couple C, D, down the line.
DUBNER: But then there is this wildcard, X, that’s you. This guy who comes in that doesn’t have anyone that needs one, that just wants to give. Does that make you much more valuable?
BROOKS: That makes me valuable because it allows the algorithm to maximize the length of the chain and kick it off. If you didn’t have the altruistic donor to start, you’d have to have a perfect match. 
DUBNER: Talk about the procedure, working with the hospital, and talk about how the relationship works so that you are not made to feel that you’re being pressured.
BROOKS: Sure. In my case, I had the operation done at New York-Presbyterian. And I chose New York-Presbyterian because they do a lot of these operations. And I think that with any surgery like this you want to go to a place that does a lot of them. And so I was very comfortable with their record. They’ve never lost a donor yet. They provide you with two advocates. And those advocates are there to protect your interest throughout the process. And you go in for testing, you do it through your advocate, you go in for psychological testing, physical testing. They want to make sure you are financially able to this, because, of course, you cannot be compensated for a kidney donation.
DUBNER: To what degree did they push back? In other words, to what degree did they try actively to discourage you or at least make you take a step back and think it through a little bit more?
BROOKS: They didn’t actively discourage me.  The psychiatrist probed quite a bit. But after I seemed to have satisfied her on the answers, that was the end of it.  What they will not do is they will not come after you to keep you coming to hospital for every procedure that needs to be done. In other words, they set the time and the date for your next appointment, and they won’t call you. It’s up to you to make sure that you’re there.
DUBNER: Oh that’s interesting, yeah. And at no point did they catch on to the fact that you were just in it for the free medical testing?
BROOKS: Actually, actually yes. The doctor I spoke with there said, “This is a little-known secret, but the testing is so good that everyone should at least start out to be a kidney donor and find out how their tests go.”
DUBNER:  That is a secret that I’m guessing they really don’t want broadcast. Because I can see an army of senior citizens flooding in for their tests saying, “You know, I think I’m going to hang on to this — to the other kidney.”  And then talk to me about your family’s response.  Was everyone on board?
BROOKS: My wife was supportive. As I said, I have three children. One was very supportive, one was skeptical, and one was opposed. And I guess that’s what you get when you get three children. But the skeptical one, and the one who was opposed, turned around once they felt like they got a lot more facts about it.  It’s a very safe procedure relative to surgery, in general. And once they understood that, then I think their reservations went away.
DUBNER:  I understand you wrote a letter to your family when you had gotten pretty far along in the process. By then you’d undergone some of the testing?
BROOKS: Yes, yes.
DUBNER: Do you happen to have that letter handy?
BROOKS: Actually, I do have it here.
DUBNER:  If you don’t mind giving that a read, that would be great.
BROOKS: Sure. This is a letter that I wrote to my family when I realized that it was what I wanted to do, and I wanted to inform them all at the same time. So, I sent them an email and it goes like this:
All, as you have commented upon, I have had a number of medical tests over the summer. I did not fully answer your questions about those because I wanted to wait until I had cleared all the tests. I’m happy to report that I’m about as healthy as is possible for a 65-year-old male to be.  
Back in the spring, I was listening to a Freakonomics podcast about a man who won the Nobel Prize in economics for constructing a model of a market to trade indivisible objects without the use of money. He was thinking about houses, but it turns out that the model works very well for other things. His work had been used to create an extensive network for the matching of kidney donors and recipients. The more I listened to the podcast, the more fascinated I became as I learned that just one altruistic donor — a person who donates without a targeted recipient — can launch a chain of kidney transplants that can number as high as 43.
I spoke with the National Kidney Foundation and learned more about the process. I registered as a potential donor and began extensive series of tests at New York-Presbyterian, which have now concluded with me be being accepted as a kidney donor.
So why am I doing this? Many of our friends and acquaintances have had their share of health challenges in recent years. It is mightily frustrating to watch the pain and suffering and be unable to give any help. I, on the other hand, am in perfect health. I have no need for my second kidney, and I appreciate that my actions may greatly benefit the lives of not just the recipients of those kidneys but their entire families. Without it being too much of a stretch, my one wholly redundant organ can potentially change and improve the lives of hundreds of people.
There were 5,355 kidney transplants from living donors last year, and there are over 100,000 people on the wait list right now for a kidney.  The operation is several hours. They start about 3 a.m. in order to catch the morning flights around the country, particularly Los Angeles. L.A. does more transplants than any place in the country, and New York-Presbyterian does the most east of the Mississippi. They’ll have me walking that same day, and I should stay two days in the hospital. I’ll be uncomfortable for two weeks, and fully recovered after four weeks. The operation is laparoscopic, with a single incision in the abdomen. I’ve been working hard with my trainer on my abs.
My advocate tells me that because I am blood type O, a universal donor and an altruistic donor, I will light up computer screens across the country when they list me tomorrow. I am happy to report that Mom is fully on board with this. I could go on for a while, but I think you have the picture. If you have interest in hearing the podcast that inspired me, you can find it here and the short Freakonomics blog on the subject here. Let me know if you have any questions.
Love you all, Dad.
The left kidney that Brooks donated wound up launching a three-recipient chain.
BROOKS: I knew nothing about my recipient until the day of the surgery when I was told that it was a 37-year-old female in Denver area and that she was very, very sick and unlikely to find a donor anytime soon. And that this was a real one-in-a-million match.
DUBNER: Did you know anything about the cause of her illness? And would that have mattered to you if you did know?
BROOKS: No, I had no idea.
DUBNER: Look, you’re not getting paid; you might get thanked, you might not get thanked. You’re doing this for your own set of reasons. Was it important to you that that person appreciate those reasons, or appreciate you? Or did it not really work that way for you?
BROOKS: This is where the leverage comes in. They ask that same question in the initial stages in a little bit different way. What they ask is, “If something happens to your recipient, how upset are you going to be?” Quite frankly, my answer was, “This is multiple people who are getting a transplant because of what I’m doing. And if one of them doesn’t work out, I’m terribly sorry, but it’s going to change the lives for all the others.”
DUBNER: So Ned, you learned a little bit about your recipient, and from what I understand, you’ve been in contact — you’ve received a letter from her — is that right? Expressing her thanks?
BROOKS: The way this works is I go through my advocate at the hospital writing a letter to the recipient that goes through the advocate at her hospital to her. Then if she chooses to do so, she comes back to me with whatever she wants to say. And then through the advocates I go back and disclose my identification, then she does that back to me if she wants to. And that’s the way it worked. And we’ve exchanged emails. And I’ve gotten Christmas cards and such from her family, and so forth.
DUBNER: So you haven’t met with her or spoken with her by phone?
BROOKS: I have not met or spoken to her.
DUBNER: OK so, here’s the story. I believe that if technology has served us well that she’s on the other line right now. Danielle from Centennial, Colorado.
BROOKS: Oh my god!  I’ve not spoken to her yet! This would be great.
DUBNER: Danielle, can you hear us? This is Stephen Dubner.
DANIELLE SHAFFER:  Hi, I can hear you guys.
BROOKS: It’s Ned.
SHAFFER:  Hi Ned.
BROOKS: Hi.  
SHAFFER: How are you doing?
BROOKS: I’m doing great.
SHAFFER:  Good, good. This is exciting.
BROOKS: This is very exciting. It’s great to hear your voice. How are you feeling?
SHAFFER:  I’m doing good! I’m feeling real good. Lately it’s been a struggle since the surgery but I’m doing good. A lot better than I was.
BROOKS: Are you on lots of meds?
SHAFFER:  Yeah, unfortunately, I’ll have to be on a ton of meds for probably the rest of my life.  
DUBNER: Hey Danielle, this is Stephen. Can you tell us a bit about what led to your need for the kidney?
SHAFFER: Sure, sure. It all started October 8, 2014. I had received a call from my doctor saying that my blood work had come back — I’d gone to my regular doctor just because I was having a severe headache that wouldn’t go away. And so they did some blood work, they called me the next day and said, “You need to get to the hospital immediately.” They were telling me creatinine was at a 12 and I had no idea what that was. And so, I went to the hospital and was immediately hospitalized for the next 15 days, getting biopsies and MRIs and plasma freezes and dialysis and getting all these tubes put in my neck and chest. It just all happened so fast. To this day, they still don’t have any reason. It happened three weeks after I had my son but they don’t want to associate it to that. So they really have no answers of why this all happened to me.
DUBNER: And what was your, a) I guess, prognosis? Did they think that you would survive? And what was your prognosis for getting a donated kidney?
SHAFFER: Well, when I was hospitalized and they had no answers, and they were functioning a small part, but they said that they were failing. But they had hope — since they really had no idea what was going on with me — that they would kind of kick back in and restart themselves. So we kind of just waited and I started dialysis and everything. And while we were waiting for those next couple months, I actually tried acupuncture for, you know, organ treatment, specifically for that. You know, I was trying everything. And I said, you know what, I’m not going to wait any longer for them to restart. I better get on this transplant list now. So, come January of 2015, I started the process of getting on the transplant list. And starting there.
DUBNER: And what were you told about how long that would likely take you to get you a donated kidney?
SHAFFER: Well, it came back that I had antibodies in my blood from blood transfusions that I had during the hospitalization, and from having children they said I had created all these antibodies. So it made me a very rare match for  — I wasn’t a match to any of my family and so they said because of my rare antibodies I could possibly be on the list five or six years. So that’s the kind of range they gave me back in January of 2015. That, I was looking at five-to-six years being on dialysis.
DUBNER: Wow. How long was it before you heard that there was a donor?
SHAFFER: Well, it was probably come May of 2015 that I started getting word. Me and my father, we decided since I was having such a hard time and nobody in my family matched with me, my father really wanted to donate on my behalf. So we heard about the paired-donor program through the hospital and he wanted to donate his kidney on my behalf. So, it was probably around May of 2015 that we started the chain process. I had several chains lined up throughout the summer of 2015 but it kept falling through due to scheduling with some part of the chain — it kept falling through. So I had many chains lined up throughout the summer, and it was finally in August that we found — I guess Ned was matched to me, and we got the surgery date of September 22, and it kind of just happened really quickly from there.
DUBNER: Way to go, Ned.
BROOKS: Thanks.
DUBNER: What’s it feel like for you, Ned, hearing Danielle talk now? She’s obviously in a much better situation today with your kidney in her than she would be without. So what’s that feel like to hear her on the other end of the line?
BROOKS: It’s emotionally very powerful. It means a lot. A great deal.
SHAFFER: Yeah, it was a real struggle going through dialysis in the last year. I had to do four hours of treatment three days a week. So basically it took 15 hours out of my time every week. And I would go into a dialysis center. And, the first thing you do is you get checked in and they do your blood pressure, your weight, your temperature. They go through all your symptoms that you’re feeling. There’s really no privacy when they’re doing that — I mean, the next patient is five feet from you in their chair, and you’re talking about all of your bodily functions that are not going well for you with all the medications you’re taking and everything and it takes away a little bit of your integrity having to do that so publicly. And then, just to sit there for four hours doing nothing. I can’t get up, I can’t move. My blood is just sitting there, you’re watching your blood go through this machine and it’s really, really depressing. And, it was hard for me. I mean, I cried the first couple times just because I would sit there and I’d look around and I was the youngest, you know obviously, in the whole building. I was 37 years old. And I was the only one driving myself there. It’s just a really hard and depressing time to spend in your day. It was really hard for me to do because I have two small children as well.  
DUBNER: It’s remarkable. You say you were crying then. Now you sound so strong. Ned’s on the other line blubbering there. I’m on the border, holding it together. So…
SHAFFER:  It’s emotional every time I talk about my story too, so.
DUBNER: I’m curious, you said that your dad had entered the donor chain. Did he end up giving a kidney, and if so does he know who the recipient was?
SHAFFER: He ended up giving his kidney. And all we really know is that it went to Connecticut over there where Ned is, and we have not heard from the recipients on that end.
DUBNER: I have a copy of the letter that you wrote to your donor. It’s unclear to me whether you knew exactly who Ned was at this time. It begins, “To my wonderful kidney donor, I don’t even know where to begin.” And I’ve already started to cry. Sorry. I have nothing to do with either of you and I’m crying. OK. So, but then, toward the end, you write, “Just to let you know, your kidney is doing awesome, and I’m already getting my energy back.” Danielle, what’s it like to have this guy Ned’s kidney inside of you? Do you feel whole again? Do you feel different?  
SHAFFER: You know, it was amazing because the very next day after surgery, I felt incredible. I felt 100 percent different. I didn’t feel any of the symptoms that I was having before with the illness and the nausea and the anxiety and everything I was going through. I immediately felt better. My body felt better, and yeah. I was eating and drinking the foods and liquids I was restricted to for so long, and it’s just — I do have the energy again. It’s amazing how much better I feel. And I don’t know if he had any food habits that I’ve picked up, but.
BROOKS: How do you feel about single-malt scotch?
SHAFFER:  You know, I haven’t had the craving for any scotch. It is funny because we joke about that with my dad because he’s a single-malt scotch drinker too, and we say, “Oh, that person’s probably craving it now.”
DUBNER: Well, Danielle, I’m glad you’re doing better and I hope you continue to do even better.
SHAFFER: Yes, thank you so much. And Ned, thank you so much for everything you’ve done for me and my family.
BROOKS: No need to thank me anymore. Thank you for being such a great recipient, and we’ll be in touch.
SHAFFER:  Yes, we will. Thank you.
DUBNER: Danielle, thanks for jumping on the phone with us. Bye bye.
SHAFFER: Alright bye guys.
DUBNER: Bye. Well, Ned, how do you feel now? See what you’ve done now?
BROOKS: Boy, I was shaking in here. This is really something. She’s a great person.
DUBNER: Well, I know you didn’t do it for the thanks, but thanks!
BROOKS: My pleasure.
Ned Brooks, inspired by his own experience — and the huge need for more kidney donations — is starting an organization to help build more altruistic kidney-donor chains. It’s called Donor to Donor."
*     *     *

Thursday, February 25, 2016

Resolving the Organ Shortage, American Society of Transplantation Cutting Edge of Transplantation Conference

I'm heading to Phoenix today, for the American Society of Transplantation Conference: CEOT 2016: RESOLVING THE ORGAN SHORTAGE: Practice, Policy, and Politics. February 25-27, 2016

Here's the program.

I'll be participating in this Friday pair of sessions:

Session 4, Part 1:  Removing Disincentives and Exploring Controversies of Incentives
Co-Moderators: Robert S. Gaston, MD, FAST, University of Alabama at Birmingham, and
Larry B. Melton, MD, PhD, FAST, Dallas Nephrology Associates
11:00 am
World and Historical Perspectives
John Gill, MD, MS, FAST, The University of British Columbia
11:30 amUndue Incentives and Repugnant Transactions: One Economist’s Perspective
Alvin Roth, PhD, Stanford University
Nobel Laureate
12:00 pm
Bioethical Perspectives on Incentivizing Organ Donation and the Impact of NOTA on Pilot Projects
I. Glenn Cohen, JD, Harvard Law School
12:30 pmWhat is an Incentive and a Critical Appraisal of Possible Pilot Trials of Incentives in Organ Donation?
Robert S. Gaston, MD, FAST, University of Alabama at Birmingham and
Daniel R. Salomon, MD, Scripps Research Institute
1:00 - 1:15 pm
Pick Up Lunch and Proceed to Workshop
1:15 - 3:15 pm
Session 4, Part 2:  Luncheon Workshop
Discussing the Spectrum of Disincentives and Incentives:
Where Do You Stand?
Afternoon Session with Audience Engagement: A structured discussion of the all issues related to disincentives and the implementation of incentives, with the goal of guiding AST's direction in the future and drafting a position document on the subject.
Moderators: Robert S. Gaston, MD, FAST,  University of Alabama at Birmingham and Larry Melton, MD, PhD, FAST, Hackensack University Medical Center and Daniel R. Salomon, MD, Scripps Research Institute

Wednesday, February 24, 2016

Caps on payment to egg donors abolished in antitrust settlement

Kim Krawiec has the news at the Faculty Lounge:  below is her post

Egg Donors Get Pay Limits Axed With Antitrust Settlement

From Law360:
By Kelly Knaub

Law360, New York (February 1, 2016, 7:01 PM ET) -- A class of human-egg donors who allege the American Society for Reproductive Medicine violated antitrust laws by capping compensation to donors asked a California federal court Friday to approve a settlement requiring the organization to remove the compensation guideline, calling the agreement an “excellent resolution” of the case.
Under the proposed settlement, ASRM will remove language stipulating that “[t]otal payments to donors in excess of $5,000 require justification and sums above $10,000 are not appropriate,” effectively benefiting all women who donate eggs in the future.
. . .
In addition, ASRM will pay a total of $1.5 million under the agreement to compensate the plaintiffs’ counsel for fees and costs incurred in in the litigation, as well as up to $150,000 to cover the costs of notice to the class.

They could have saved that $1.5 million dollars in legal fees if they had listened to me about this back in 2009.  :-)
Related posts:

Tuesday, February 23, 2016

The Startup Grind

I'll be at a very Silicon Valley conference today, the Startup Grind, in an onstage conversation with Simon Rothman of Greylock Partners and Andre Hagiu of HBS.  Here's the program.

Update: there's a podcast of our discussion here: Using Economics to Win with Simon Rothman

Monday, February 22, 2016

Autos as platforms: the market for radio, and the connected car

The NY Times has a story on the fight that Sirius radio won, and the challenges that it faces
SiriusXM Fights to Dominate the Dashboard of the Connected Car

"SiriusXM has hit on the formula for getting people — nearly 30 million of them — to pay for radio, a form of media that has always been free. But while the company likes to emphasize the awesomeness of its audio “mosaics,” there is another, more mundane, explanation for its success: cars.

SiriusXM pays about $1 billion a year in subsidies and revenue splits to automakers, and according to the company, 75 percent of all new vehicles sold in the United States come with satellite radio installed. (It works with every major carmaker.) Of the 29.6 million subscribers to SiriusXM at the end of last year, 24.2 million paid the $11 to $20 monthly fee themselves, with the rest covered through promotions by car companies."

Saturday, February 20, 2016

What should a well educated student read?

I've already read most of these myself, and was flattered to be included: What should the well-educated student read?

Friday, February 19, 2016

Should post-interview communications between residency programs and applicants be strictly regulated?

Here's an article saying that direct communications between residency programs and candidates can't be fixed, and so should be banned...

Lars J. Grimm, Carolyn S. Avery, and Charles M. Maxfield (2016) Residency Postinterview Communications: More Harm Than Good?. Journal of Graduate Medical Education: February 2016, Vol. 8, No. 1, pp. 7-9.


 ...
A Proposal to Reduce Misrepresentation
The prevalence of potentially misleading language in postinterview communications is troubling. Deliberate misrepresentation flouts expectations for ethics and professionalism in physician training. The residency application process is competitive for both applicants and residency programs, and both desire to maximize their chances for success. While this is no excuse for violating policies or misrepresenting the truth, when there is a pervasive belief that everyone is engaged in the same process, it feels like less of an egregious offense.
The simplest solution to stopping abusive postinterview communication practices is for the NRMP to ban all communications.10 This approach would be highly effective at leveling the playing field, and in our survey, was supported by 45.5% (122 of 268) of program directors. A simple abstention system would remove any ambiguity from the process and eliminate the temptation for abuse and mistrust. Unfortunately, this approach would also prevent appropriate forms of communications that help both sides make more informed decisions and provide reassurance when possible. Since applicants and residency programs will be matched for 1 to 7 years, it is important to make sure that all questions and doubts are addressed up front before a binding commitment is made.
A more realistic middle-ground option would limit postinterview communications to objective questions about training programs (box). Toward this goal, the Alliance for Academic Internal Medicine recommends that programs “should discourage routine thank you notes or e-mails from interviewed applicants,” and that questions should be directed “only to individuals on the program's approved contacts list.”17 By setting clear universal expectations about the types of permissible communications on interview day, residency programs could reduce the flow of misleading information in both directions. If additional oversight is needed, (ie, programs with a history of NRMP violations), all postinterview communications could be forced to pass through a messaging service on the NRMP website.9 Furthermore, if all communications are logged for potential future review, then individuals would be inclined to behave in a more ethical fashion.

box Recommendations
  • Set clear expectations for applicants on interview day about appropriate forms of postinterview communications
  • Limit postinterview communications to objective information
  • Provide a point person to handle all postinterview communications
  • Consider logging all postinterview communications to safeguard ethical standards
  • Initiate dialogue on a national level within specialties to create specialty-specific consensus guidelines
Since medical students usually go through the application process once, the onus is on the residency programs to lay out clear expectations for appropriate behavior. An approach that designates a single individual within the residency program to handle all postinterview communications is likely the most practical. We also suggest that the approach should allow each specialty to set its own communication guidelines, as the number of applicants, size of residency programs, duration of training, and competitiveness are unique to each specialty. Our survey shows that each specialty differs in the type, frequency, and influence of postinterview communications. By allowing each specialty to set its own policies, this also allows programs to feel more engaged in the process, and thus more likely to follow the guidelines.
We encourage residency program directors in all specialties to talk with their colleagues and propose sensible regulations for postinterview communications to reduce the widely prevalent misrepresentation and unethical behavior that has come to be synonymous with the residency application process.

Thursday, February 18, 2016

Congratulations to the winners of the Presidential Early Career Award for Scientists and Engineers (PECASE)

Here's the announcement from the NSF:

Twenty-one researchers nominated by the National Science Foundation receive awards for innovation, outreach in scientific community

and here's the list (one of which has "economics" in the citation...):

February 18, 2016
President Barack Obama today named 106 researchers as recipients of the Presidential Early Career Award for Scientists and Engineers (PECASE), granting them the U.S. government's highest award for scientists and engineers in the early stages of their independent research careers. The National Science Foundation (NSF) nominated 21 of the awardees.
PECASE recognizes scientists and engineers who show exceptional potential for leadership at the frontiers of scientific knowledge. Winners demonstrate the ability to broadly advance fundamental research and help the United States maintain its position as a leading producer of scientists and engineers.
"The awardees are outstanding scientists and engineers," said NSF Director France Córdova. "They are teacher-scholars who are developing new generations of outstanding scientists and engineers and ensuring this nation is a leading innovator. I applaud these recipients for their leadership, distinguished teaching and commitment to public outreach."
The NSF-nominated awardees come from universities around the country and excel in areas of science represented by NSF directorates: biology, computer and information science, education and human resources, engineering, geosciences, mathematics and physical sciences and social and behavioral sciences.
NSF vetted the research of its nominees through its rigorous peer review process. All of the NSF nominees have received five-year grants from the Faculty Early Career Development (CAREER) program. CAREER awardees have proven themselves exemplary in integrating research and education. Selection is highly competitive: in 2012, NSF funded fewer than 20 percent of the 2,612 CAREER award applicants.
The Office of Science and Technology Policy within the Executive Office of the President coordinated the PECASE awards, which were established by President Clinton in 1996. Awardees are selected on the basis of two criteria: pursuit of innovative research at the frontiers of science and technology and a commitment to community service as demonstrated through scientific leadership, public education or community outreach.
This year's NSF recipients are:
Adam Abate, University of California, San Francisco
For his development of microfluidic approaches for creating single-cell bioreactors that may be applied to massively parallel approaches in single-cell genomics and transcriptomics and that can be implemented across a variety of disciplines including evolutionary biology, immunology, and cancer biology and for his outreach to underrepresented groups and veterans.
Marcel Agüeros, Columbia University
For his groundbreaking research in stellar astrophysics, and for his restless desire to ensure that minority students in sciences become tomorrow's leaders.
Arezoo Ardekani, University of Notre Dame
For research aimed to fundamentally understand, model and control bacterial biofilm formation through imaginative computations and elegant experiments, and for demonstrated commitment to increase underrepresented minority participation in STEM-related research.
Cullen Buie, Massachusetts Institute of Technology
For research to create highly sensitive systems that probe microbial physiology and thereby illustrate the coupling of cell phenotypes with virulence, and to train a new generation of underreprented minority scientists who become faculty.
Erin Carlson, Indiana University
For discovery of chemistry underlying a new approach to treat antibiotic-resistant infections, for leadership in the chemistry and women-chemists communities, and for developing new hands-on laboratory activities to engage K-12 students in natural product chemistry.
Antonius Dieker, Georgia Tech Research Corporation
For outstanding research on the stochastic behavior in engineered and physical systems; and for educational activities involving high school, undergraduate and graduate students.
Erika Edwards, Brown University
For innovative research leading to exciting breakthroughs in understanding the drivers of plant evolutionary innovation, and particularly the evolution of plant form and photosynthesis systems, and for engaging public outreach on plant biology.
Julia Grigsby, Boston College
For her work on the invariants of 3-manifolds, running advanced workshops, training graduate and undergraduate students, contributions to increasing participation of women in mathematical sciences and introducing talented middle-school girls to research mathematics.
Todd Gureckis, New York University
For his innovative work at the boundary of cognitive science, learning science and machine learning; for his work with museums to enhance the learning potential for children; and for creating an integrated, multidisciplinary curriculum for computational cognitive science for the workforce of the 21st century.
Tessa Hill, University of California, Davis
For her transdisciplinary research that places modern ocean acidification and ocean oxygenation into a long-term Earth-system context, and for training and outreach to K-12 teachers and students that offers them a better understanding of ocean science and climate change through inquiry-based learning.
Daniel Krashen, University of Georgia
For his work on local-to-global principles, organizing conferences and workshops, training graduate students and serving as a role model to underrepresented minorities in mathematics.
Daniel McCloskey, College of Staten Island, City University of New York
For research combining modeling, neurophysiology and systems biology/network science that will transform the field of social neuroscience by providing a comprehensive approach towards understanding the role of neuropetides in complex behavioral systems.
Rahul Mangharam, University of Pennsylvania
For inventing a new formal methodology to test and verify the correct operation of medical device software, saving lives and reducing care costs.
David Masiello, University of Washington
For his cutting-edge research in the emerging field of theoretical molecular nanophotonics, and for his comprehensive educational and outreach programs including an exemplary focus on enhancing the scientific communication abilities of young researchers.
Shwetak Patel, University of Washington
For inventing low-cost, easy-to-deploy sensor systems that leverage existing infrastructures to enable users to track household energy consumption and make the buildings we live in more responsive to our needs.
Aaron Roth, University of Pennsylvania
For visionary research on protecting personal data via differential privacy, and outstanding outreach that fosters interaction between the many communities that study data privacy from theoretical computer science to economics.
Sayeef Salahuddin, University of California, Berkeley
For pioneering research on the foundations of nanostructures as new, low-power electronics with potential influence on energy efficient systems, and for impact on industry, education and mentoring future scientists.
Jakita Thomas, Spelman College
For her research on how African-American middle-school girls develop computational algorithmic thinking within the context of designing games, a research project that explores the challenges African-American girls face and their self-perceptions as problem-solvers while at the same time educating them in mathematics, programming and reasoning.
Joachim Walther, University of Georgia
For building research capacity in engineering education by defining quality in qualitative research methods and leading communities of practice in this research, germane to and commonly used in broadening participation efforts.
Kristen Wendell, University of Massachusetts Boston
For her outstanding research work on how to integrate a community-based engineering design model into pre-service science elementary school teachers focused on crosscutting concepts, disciplinary core ideas and scientific and engineering practices.
Benjamin Williams, University of CaliforniaLos Angeles
For a comprehensive vision to advance Terahertz quantum-cascade lasers and devices for communications, sensing and imaging, and for leadership in enhancing undergraduate and graduate student learning experiences.

Jean Tirole on the morality of markets: « La Moralité et le marché »

Jean Tirole, on the morality of markets:
La Moralité et le marché -- Pour une éthique du libéralisme (update: the pdf file has been removed, but here's the video... https://www.dailymotion.com/video/x3nnmov_fondation-ethique-economie-conference-de-jean-tirole_news

As near as I can make out with my deteriorating high school French and the increasingly helpful Google Translate, Tirole argues that critics of markets (and of economists) like Michael Sandel are ignorant of decades of economic research...and that it is easier to condemn markets for kidneys if one ignores the deaths of patients with kidney disease...


see also this blog post by Prof  Alexandre Delaigue referring to Tirole's talk, and concentrating on compensation for kidney donors L'interdiction de vente de rein est-elle morale?


Wednesday, February 17, 2016

Bob Wilson wins the BBVA Foundation Frontiers of Knowledge Award in Economics

The BBVA Foundation Frontiers of Knowledge Award in Economics, Finance and Management has been granted in this eighth edition to Robert B. Wilson for “pioneering contributions to the analysis of strategic interactions when economic agents have limited and different information about their environment.” In the view of the jury, “his research on auctions, electricity pricing, reputation and dynamic interactions under such informational circumstances was groundbreaking and pervades economic analysis to this day.” 

ROBERT WILSON

Robert Wilson carnet
The BBVA Foundation Frontiers of Knowledge Award in Economics, Finance and Management has been granted in this eighth edition to Robert B. Wilson for “pioneering contributions to the analysis of strategic interactions when economic agents have limited and different information about their environment.” In the view of the jury, “his research on auctions, electricity pricing, reputation and dynamic interactions under such informational circumstances was groundbreaking and pervades economic analysis to this day.”

For example, one of the big questions in economics is how to convince market participants to cooperate in the presence of asymmetric information, i.e., when some have access to information that others lack. Robert Wilson has spent his career studying how economic interactions unfold in circumstances of informational inequality, and has come up with a solution – that agents aim towards a reputation which facilitates cooperation.

Wilson provides tools and strategies to build reputation under varying scenarios. In two of his best known papers, he explores environments requiring different types of reputation: whereas a monopolist tries to convey an image of toughness to defend its market position and fend off unwanted competition, in situations of multilateral conflict like the “repeated prisoners’ dilemma”, the goal is to pursue a reputation for “cooperative” behavior.

Until the 1960s, the standard wisdom was that market pricing corresponded to a cooperative model in which all players shared the same information. Wilson, however, was among the first to realize that perfect information could not be assumed, and the insights of noncooperative theory must be brought into play.

Robert B. Wilson (Geneva, Nebraska, 1937) graduated in mathematics from the University of Harvard. He went on to complete a master’s degree at Harvard Business School (1961), where he also obtained his PhD with a thesis on sequential quadratic programming (1963).
In 1964 he joined the faculty at Stanford Business School, where he remains to this day. Wilson has applied his mathematical skills and game theory expertise to auction designs and competitive bidding strategies in the oil, communication, and power industries. His book Nonlinear Pricing is a referent in tariff design for public utilities from energy to transport.

Economic engineering

It was in the field known as economic engineering that Wilson put game-theoretic tools to use in improving market mechanisms, devoting most of his energies to public auctions. Among his projects in this area, we can cite the bidding for offshore oil leases along the California coast, as well as others to do with electrical power exchange and pricing.

He was accompanied in his work on auction design by one of his disciples, Paul Milgrom, winner of a BBVA Foundation Frontiers of Knowledge Award in 2012 for his contributions in this and other domains.

In the mid-1990s, California telecom company Pacific Bell was preparing to bid in an auction called by the U.S. Federal Communications Commission. Wilson and Milgrom pointed out errors in the auction design that produced a worse outcome for both organizers and bidders and proposed an alternative method which the FCC agreed to try. Their innovation, known as the simultaneous multiple round auction (SMR), replaced the traditional sealed envelope with an open bidding format, in which each company could observe what the rest were offering, supplemented by rules to prevent monopoly pricing. The auction – of electromagnetic spectrum for what was then the new generation of cell phones and other wireless communication devices – raised the record sum of over seven billion dollars, and testified in the most practical way possible to the value of game theory in strategic decision-making.

Wilson, meantime, was exploring other kinds of economic interaction. And soon concluded that reputation was among the most powerful spurs to cooperation. “Reputation effects are most prominent in bargaining,” he remarked yesterday after hearing of the award. “For example, in labor negotiations when a firm incurs the costs of a strike in order to convince the union that the marginal productivity of labor is not higher than it actually is, it is sending out a credible signal that sustains its reputation.”

Still in the frame of game theory, Wilson, along with David Kreps, came up with the concept of sequential equilibrium, which describes the anticipated sequence of reactions of market participants on discovering that others have deviated from the original plan. “It provides each player with hypotheses about how others will act as events unfold,” he explains. This concept has given rise to a wide range of applications. In industrial organization, for instance, it has enabled more accurate modeling of price wars.

Wilson is still engaged in research at Stanford University. He is currently studying “repeated interactions between two parties who can benefit from sustained cooperation,” a situation, he notes, that may be short-lived, since “not every kind of incentive encourages cooperation on a lasting basis.” 

Author of over a hundred articles in international journals, he has consistently combined the construction of a robust theoretical framework with the search for practical solutions: “The value of theory is its usefulness in addressing practical problems, while, for the theorist, the problems encountered by practitioners provide a wealth of topics.”

This combination is a constant in his professional life, where he has alternated the presidency of the Econometric Society and associate editorship of journals like Economic Theory with advisory work for the United States Department of the Interior, the Electric Power Research Institute, the Federal Communications Commission, the Canadian Competition Bureau and sundry private corporations.

International jury

The jury in this category was chaired by Eric S. Maskin, Adams University Professor at Harvard University (United States) and 2007 Nobel Laureate in Economics, with Manuel Arellano, Professor of Econometrics in the Center for Monetary and Financial Studies (CEMFI) of Banco de España (Spain), acting as secretary. Remaining members were Pinelopi Koujianou Goldberg, William K. Lanman, Jr. Professor of Economics at Yale University (United States); Andreu Mas-Colell, Professor of Economics at Pompeu Fabra University (Spain) and 2009 BBVA Foundation Frontiers of Knowledge Laureate in Economics; Jean Tirole, Chairman of the Foundation Jean-Jacques Laffont at Toulouse School of Economics (France), 2008 BBVA Foundation Frontiers of Knowledge Laureate in Economics and 2014 Nobel Prize in Economics; and Fabrizio Zilibotti, Chair of Macroeconomics and Political Economy in the Department of Economics at the University of Zurich (Switzerland).
****
And here are the BBVA laureates in other subjects.

Ph.D. admissions committees: a look under the hood at the graduate school matching market

Inside Higher Ed reviews "Inside Graduate Admissions." Here are the first few paragraphs of their review (and a link to the whole thing).

What goes on behind closed doors when professors decide who should get chance to earn a Ph.D.? Author of new book was allowed to watch. She saw elitism, a heavy focus on the GRE and some troubling conversations.
January 6, 2016
Ph.D. programs are one of the few parts of higher education where admissions decisions are made without admissions professionals. Small groups of faculty members meet, department by department, to decide whom to admit. And their decisions effectively determine the future makeup of the faculty in higher education. Politicians, judges, journalists, parents and prospective students subject the admissions policies of undergraduate colleges and professional schools to considerable scrutiny, with much public debate over appropriate criteria. But the question of who gets into Ph.D. programs has by comparison escaped much discussion.
That may change with the publication ofInside Graduate Admissions: Merit, Diversity and Faculty Gatekeeping, out this month from Harvard University Press. Julie R. Posselt (right), the author and an assistant professor of higher education at the University of Michigan, obtained permission from 6 highly ranked departments at three research universities to watch their reviews of candidates, and she interviewed faculty members at four others. All the departments were ranked as among the top programs in their disciplines. To obtain this kind of access (not to mention institutional review board approval), Posselt had to offer complete anonymity. While her book identifies comments as coming from people in particularly disciplines, she reveals nothing about where the departments are, and she also hides most details about the applicants they reviewed.
To judge from the book, the faculty members she observed did not present her with a scripted and idealistic view of admissions. They were frank about things that they are unlikely to have shared in public.
For instance, those whose programs were not at the very top of the rankings frequently talked about not wanting to offer a spot to someone they believed would go to a higher-ranked program. They didn't want their department to be the graduate equivalent of what high school students applying to college term a safety school. In this sense many of these departments turned down superior candidates, some of whom might have enrolled.
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And here's a conversation with the author in the Chronicle of Higher Ed:
Inside the Graduate-Admissions Process
A study finds the pervasive misuse of test scores and too much homophily

Tuesday, February 16, 2016

Real estate symposium

I participate today in a conference on an unusual (for me) subject:

REAL Symposium
SPIRE AND THE REAL PROPERTY LAW SECTION HOST
THE FIFTH ANNUAL REAL SYMPOSIUM


Fifth Annual Real Estate and Law Symposium

Tuesday, February 16, 2016
1 p.m. - 5:30 p.m.
555 Salvatierra Walk
Paul Brest Hall (Law School)
Stanford University
Earn 2.5 hours of MCLE credit. 
Keynote Speakers:
  • Angela Kleiman, CFO and Executive Vice President, Essex Property Trust, Inc.
  • Alvin Roth, Nobel Laureate, Economic Sciences; Professor of Economics, Stanford University
Panel topics include:
  • Space on Demand
  • Risk and Resiliency in Financial and Real Estate Markets
Register Now
Early Bird Pricing:
SPIRE/RPLS Members: $125
Non-Members: $175
Young Professionals:  $95
Stanford

Stanford Professionals
 In Real Estate (SPIRE)

The Real Property Law Section
of The State Bar of California  

Real Property Law Section Skyline Logo

About the Real Estate and Law (REAL) Symposium

The 2016 REAL Symposium will cover several legal topics such as the legal implications of the evolving use and management real estate in the new sharing economy in the areas of land use, financing, enforcement of existing regulations, and the potential for litigation.  New financing products and trends in the real estate financing markets will be discussed as well as legal issues facing transactional and financing lawyers.In addition, the lead deal maker for the largest West Coast multi-family REIT will give an inside look at the largest merger in recent history and its implications on future transactions.

Program Schedule and Speakers

EventTime

Registration

12 noon - 1 p.m.

Welcoming Remarks

1 p.m. - 1:15 p.m.

Featured Panel 1: Space On Demand

Tech innovations and the new sharing economy are changing how we work, travel and play. We are increasingly demanding accessible, fluid and fungible physical space. However, there are significant legal and financial ramifications to creating space on demand. This panel will discuss a variety of topics related to the sharing economy.
ModeratorCurtis Smolar,  Partner, Browne George Ross LLP
                                             
Panelists:
  • Scott Weiner, San Francisco Board of Supervisors
  • Diana Rothschild, CEO & President, NextSpace
  • Deborah Boyer, Executive VP & Director of Asset Management, The Swig Company
  • Fourth panelist to be announced
1:15 p.m. - 2:20 p.m.

 Keynote Speaker: Alvin Roth

Nobel Laureate 2012, Economic Sciences; Professor of Economics, Stanford University
Professor Roth has made significant contributions to the fields of game theory, market design, and market matching, and is known for his emphasis on applying economic theory to “real-world” problems. Under the theory of stable allocations and the practice of market design, he uses mathematical algorithms to assign people or things to stable matches. Professor Roth’s work, which spans decades, culminated in him being awarded a Nobel Memorial Prize in Economic Science. Professor Roth is currently the Craig and Susan McCaw Professor of Economics at Stanford University and he is the George Gund Professor of Economics and Business Administration Emeritus at Harvard University. Professor Roth received his bachelor’s degree from Columbia University and his master’s and doctorate from Stanford University.
2:20 p.m. - 2:55 p.m.

Break

3 p.m. - 3:20 p.m.

Keynote Speaker: Angela Kleiman

Essex Property Trust, Chief Financial Officer and Executive Vice President
Essex Property Trust, Inc. is a fully integrated REIT that acquires, develops, redevelops, and manages apartment communities located in highly desirable, supply-constrained markets.  Ms. Kleiman led the overall transaction management of Essex’s merger with BRE Properties at the end of last year, creating the largest West Coast multi-family REIT. Ms. Kleiman oversees the Private Equity, Capital Markets, Economic Research, Accounting, Financial Planning and Investor Relations departments. She joined Essex in 2009 to manage the company’s Private Equity Platform and grew it to $3 billion in gross assets. Prior to joining Essex, Ms. Kleiman served as Senior Equity Analyst and Vice President at Security Capital and as Vice President with J. P. Morgan Real Estate and Lodging Investment Banking Group. Ms. Kleiman received her Bachelor’s from Northwestern University and her MBA from Northwestern University’s Kellogg School of Management.
3:20 p.m. - 3:50 p.m.

Featured Panel 2:  Risk and Resiliency in Financial and Real Estate Markets

The US economy has rebounded from the real estate and market crashes in 2007 and there continues to be abundant opportunity for real estate investors, developers and entrepreneurs.   At the same time real estate professionals are faced with new and not-so-new challenges in the rapidly changing real estate/financial industries and world economies.   This panel will discuss how real estate entrepreneurs, investors and financiers identify and manage opportunity and risk in the evolving economy.
ModeratorJeff Weber, Senior Managing Director, Eastdil Secured
Panelists:
  • Bill Hosler, COO, Catellus
  • Mark Myers, Executive VP & Group Head of Commercial Real Estate, Wells Fargo
  • Sam Hooker, Principal, Embarcadero Partners LLC

Monday, February 15, 2016

Dynamic matching when what you get now may determine your future priorities

Dynamic Matching Markets and the Deferred Acceptance Mechanism

John Kennes (jkennes@econ.au.dk), Daniel Monde and Norovsambuu Tumennasan (ntumennasan@econ.au.dk)
Additional contact information
Abstract: In many dynamic matching markets, priorities depend on previous allocations. In such environments, agents on the proposing side can manipulate the period-by-period deferred acceptance (DA) mechanism. We show that the fraction of agents with incentives to manipulate the DA mechanism approaches zero as the market size increases. In addition, we provide a novel al- gorithm to calculate the percentage of markets that can be manipulated. Based on randomly generated data, we find that the DA becomes approximately non-manipulable when the schools capacity reaches 20. Our theoretical and simulation results together justify the implementation of the period-by-period DA mechanism in dynamic markets.

Sunday, February 14, 2016

How can you tell you're an economist? Valentine's day economics

How can you tell you're an economist?  Maybe if Valentine's Day makes you think of dating sites as congested matching markets.  Here are two views from The Economist about thickness and congestion in dating markets:
Optimising romance: To find true love, it helps to understand the economic principles underpinning the search

Valentine’s day economics--Would a dating app just for economists work?