The first minutes after being informed of a Nobel prize

 Here's a one-minute BBC audio recording that somehow found its way into my news feed, of me being queried on the phone in the minutes after the announcement of the 2012 Nobel Prize.  It must have been around 4am in California, and you can tell I wasn't prepared to answer the questions :)

Alvin Roth glad to share Nobel Prize with Lloyd Shapley 

"The Nobel Foundation cited the US academics for their work on the "theory of stable allocations and practice of market design".

 

Here's a transcript I made now with the voice recorder app on my iPhone: I put "..." wherever the transcript has me in a long pause or re-starting a sentence (it's apparentI was answering these questions for the first time...)

"No, it wasn't expected, but, ... it certainly was expected that Lloyd Shapley should win the prize. It would have been a grave oversight if he did not, so I'm glad to share it with him.
 

Caller: So, what does this prize mean to you and your profession?
 

... I don't know yet. ... of course, it sheds a bright spotlight on the work...

Caller: So that's a good thing.

You know, my colleagues and I work in an area that we're calling market design, which is sort of a newish area of economics, and I'm sure that when I go to class this morning, my students will pay more attention...

Caller:Yeah, that's a good thing, isn't it?  I know it's early in the morning, but I will ask you anyway.  Can you tell us of the reasons for your interest in this field of economic theory?

...

Well, ...you can't be an economist without noticing all the interesting things that we don't understand about the way economy works.

So, ... this is a prize for matching, and many of the most important things we do in our lives, from getting into university, to getting married, to getting jobs, are matching.  So, I think it's a very natural thing to be interested in, and I'm privileged to have been able to study it."