Saturday, May 14, 2016

Market design in Siam and Germany--(book reviews of Who Gets What and Why)

First in the Siam news (not this Siam, rather this Siam),

May 02, 2016

Mathematical Matchmaking--Algorithms That Address Real-World Problems

Who Gets What—And Why. By Alvin E. Roth, Houghton Mifflin Harcourt, New York, 2015, 272 pages, $28.00.
Case likes the book but warns the non-economist reader as follows:
"In closing, it should be mentioned that by classifying matchmaking venues as markets, Roth gives the impression that economists are uniquely qualified to design and modify them, though nothing in the traditional economics curriculum seems particularly relevant. On the contrary, students of combinatorics, computer science, and/or operations research (in which Roth himself received his doctoral degree) would seem at least as well prepared for the task. "

And from Germany:

Macht der Matching-Märkte  ("Power of Matching Markets")Nicht der Preis entscheidet über Angebot und Nachfrage

I liked this phrase from Google Translate: " fast and refreshingly drinkable written book"

While I'm at it, here's another recent review, from a blog called "Don't worry, I'm an economist!"

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