Showing posts with label WGWaW. Show all posts
Showing posts with label WGWaW. Show all posts

Saturday, February 25, 2017

Interview on Who Gets What and Why: American Monetary Association, Jason Hartman

This interview was conducted some time ago, but I just now saw the link...and listening to it just now, it seems to me that we had a pretty interesting discussion.
(the link at the title below will take you to the podcast...)

AMA 126 – Who Gets What and Why, The New Economics of Matchmaking & Market Design with Alvin Roth


Jason Hartman talks with Alvin Roth, Craig & Susan McGaw Professor of Economics at Stanford and author of “Who Gets What and Why”
Key Takeaways
[5:28] – what aspect of the real estate market surprises him the most
[11:45] – The market of organ donation
[16:24] Repugnant Transactions
[20:51] Government’s role in contracts
[24:56] Signals and two kinds of messages we send

Wednesday, February 22, 2017

Hardy Hendren and the resident match

The journal Surgery has published (early online) an account by Hardy Hendren, recounting the drama at the origin of the resident match:
The 1951 Harvard student uprising against the intern match
Don K. Nakayama, MD, MBAa, , , W. Hardy Hendren III, MD, FRCSb
a Departments of Surgery, Florida International University, Sacred Heart Medical Group, Pensacola, FL
b Harvard Medical School, Massachusetts General Hospital, and Children's Hospital Boston, Boston, MA
Available online 18 January 2017
[Update: the published version appears in Volume 161, Issue 6, June 2017, Pages 1728-1734]

Here's the first paragraph:
"In the fall of 1951, a group of Harvard medical students led by W. Hardy Hendren, III organized a national movement against the newly instituted match that would assign graduating seniors to hospital internship programs. Before then, hospitals with intern positions to fill rushed to secure commitments from students, who in turn accepted the first decent offer that came their way. Knowing that students could not risk waiting for a better offer, hospitals pushed them into making early commitments. When some students began getting offers in their junior and sophomore years, medical schools, professional groups, and hospitals organized the National Inter-association Committee on Internships to deal with the issue. The intern match was thus organized and scheduled to take place in 1952. When the plan was announced in mid-October 1951, Hendren recognized that the proposed algorithm placed students at a disadvantage if they did not get their first choice of hospitals. Facing resistance at every step from the National Inter-association Committee on Internships and putting his standing at Harvard Medical School at risk, Hendren led a nationwide movement of medical students to change the procedure to one that favored students' choices. Their success [less than] 1 month later established in the inaugural match the fundamental ethic of today's National Resident Matching Program to favor students' preferences at every step of the process."
*************

In my book Who Gets What and Why, I wrote about Hendren and these events in part as follows p138):
"One student who noticed this flaw in the proposed design was Hardy Hendren. He was preparing to graduate from Harvard Medical School in 1952, just as the clearinghouse was getting started. When he told me about it years later over lunch in Cambridge MA, he had already retired (in 1998) from Boston Children’s Hospital, where he had been chief of surgery. (His colleagues had given him the nickname “Hardly Human,” for the long, complicated surgeries he was able to conduct.) Hardy entered the Navy during WWII, in 1943 when he was seventeen, and trained as a pilot before returning to college and medical school. As you can imagine, with that background, as he prepared to seek his first job as a doctor, he wasn’t shy about expressing his concerns that the clearinghouse was unsafe for students.
"Hardy also wasn’t one to wait around for bureaucrats. And so, with a group of fellow students, he formed the National Student Internship Matching Committee, which organized opposition to the proposed algorithm. The Committee recommended that it be replaced with a different way of processing the preference lists to determine a match: it became known as the Boston Pool Plan. This was, in fact, the algorithm that was finally implemented when the clearinghouse was used to match students and positions in 1952."

After some discussion of stability, and the fact that the Boston Pool Plan is equivalent to the hospital proposing deferred acceptance algorithm, I wrote (p141):
"Back in 1952, economists hadn’t yet figured out any of this, which makes Hardy Hendren’s insight and his committee’s grassroots efforts all the more impressive."

Friday, January 20, 2017

Who Gets What and Why in Chinese, traditional characters

Chinese translations come in two versions, simplified characters (primarily for the mainland) and traditional characters, primarily for Taiwan and Hong Kong.
The traditional character version of Who Gets What and Why has recently come out in Taiwan, here's a link and a picture:

創造金錢買不到的機會:諾貝爾經濟學獎突破市場經濟賽局的思維

Who Gets What-and Why: The New Economics of Matchmaking and Market Design

 .

Google translate renders the top title as "Create money can not buy the opportunity: the Nobel Prize in economics to break through the thinking of the market economy game."


(You can compare it to the version in simplified characters, below, but this isn't a good way to learn the difference, since the two books have different translators, and the translation of the title into simplified characters apparently says something about the "sharing economy.") Who Gets What - and Why: The New Economics of Matchmaking and Market Design(chinese edition) Paperback – 2015


Thursday, December 1, 2016

Public lecture at Rice University, Dec 2

I'll be giving the RISE Lecture at Rice (RISE = The Rice Initiative for the Study of Economics).

Here are some other links with logistics (the event is free, but they want to know who is coming...):
http://news.rice.edu/2016/11/21/nobel-laureate-alvin-roth-to-discuss-the-new-economics-of-matchmaking-and-market-design-dec-2/

https://www.eventbrite.com/e/rice-university-presents-nobel-laureate-alvin-roth-tickets-29130669617

Wednesday, November 23, 2016

My talk at UCEMA in Buenos Aires (video)

On my visit to Argentina my first talk (of 5) was at UCEMA, on November 16. You can see some pictures here.

Here is a video of my talk, about market design and my book Who Gets What and Why. My talk starts at minute 7:50.




Wednesday, November 16, 2016

Talk at Universidad del CEMA


El Nobel Alvin Roth en UCEMA

El miércoles 16 de noviembre a las 18 h. Alvin Roth, Nobel de Economía 2012, brindará una conferencia exclusiva en la UCEMA:Who gets what and why: the new economics of matchmaking and market design.

Una de las centrales contribuciones de Roth es haber colaborado con el desarrollo del sistema de intercambios de donaciones de riñones (en inglés, kidney paired donation), o donación renal cruzada, en los que parejas de donantes y receptores que son incompatibles buscan a otro par o pares de donantes y pacientes compatibles para realizar un intercambio, reduciendo el tiempo de espera.

Roth es un verdadero ingeniero de mercados. Es uno de los pocos economistas que tienen la capacidad de, además de ser fuerte en lo teórico, hacer desarrollos muy aplicables, que buscan mejorar el bienestar.

Encuentro organizado por la Maestría en Economía de la UCEMA. Entrada libre y gratuita en Auditorio Reconquista 775, previa inscripción. La Conferencia se brindará en inglés.

Agradecemos la gestión de la Asociación Argentina de Economía Política (AAEP), la Facultad de Ciencias Económicas de la Universidad Nacional de Tucumán y el Ente Provincial Bicentenario Tucumán 2016, que permitieron concretar la visita de Alvin Roth al país.
Here's the poster:

Sunday, November 13, 2016

Interviews in Brazilian newspapers about Who Gets What and Why

Here are two interviews in connection with the Portuguese translation of Who Gets What and Why.

In Folha de S.Paulo:
Prêmio Nobel analisa mercados em que só o dinheiro não basta
(Nobel Prize analyzes markets where only money is not enough)

In O Globo: Alvin Roth afirma ver os mercados até em aplicativos como o Tinder
(Alvin Roth says see the markets even in applications like Tinder)



Roth, Alvin E. Como funcionam os mercados: A nova economia das combinações e do desenho de mercado. Portfolio-Penguin, 2016.

Friday, November 4, 2016

Como Funcionam Os Mercados (Portuguese edition of Who Gets What and Why)...

The Portuguese edition of Who Gets What and Why comes out this week:



Alvin E. Roth
Tradução: Isa Mara Lando
Mauro Lando 

 http://www.companhiadasletras.com.br/detalhe.php?codigo=75014to previsto para 25/10/2016

Here's an interview about the book in the newspaper Valor Economico, conducted by Diego Viana (gated and in Portuguese): O desenho do mercado 
Here's the intro:

Roth, Alvin E. Como funcionam os mercados: A nova economia das combinações e do desenho de mercado. Portfolio-Penguin, 2016.

Monday, October 17, 2016

Who Gets What and Why, in Korean

Here is the Korean translation of my book Who Gets What and Why:
Who Gets What-and Why in Korean
Eun Jeong Heo tells me that the title in Korean is "Matching: a strong drive to uncover hidden markets"

Eun Jeong points me to these two URL's where you can buy the book:

Sunday, September 25, 2016

Notes from China 2: Lanzhou

I spoke in Lanzhou on Thursday, in Gansu Province, as part of a festival promoting the revival of the Silk Road as a market for international trade. The sponsors were Time Weekly, Readers Group (a wide circulation, Readers Digest kind of publisher...www.duzhe.com), and the provincial government.

Here's an interview published in China Daily:

诺贝尔经济学奖得主埃尔文·罗斯:中国市场必须由中国经济学家设计
作者:孟肖 来源:时代周刊 2016-09-20
Google translate renders the headline this way: Nobel laureate Erwin Ross: Chinese market must be designed by a Chinese economist
Author: Meng Xiao Source: Times 2016-09-20 
Kwong Sunrise Photo--Al Roth 



The provincial museum is well worth a visit.


And the Yellow River has some beautiful bridges: I took these photos from a riverboat at night.



I recommend the Lanzhou beef noodles, which I had for lunch  The banquet food in Lanzhou is also easy for Americans--fish, lamb, beef and Yak were prominent. (Yak is a kosher animal, by the way...). And toasting goes on throughout, not just in wine but in 100 proof rice liquor...



And in case you were wondering how to spell Erwin Ross in Chinese, I think this is it:

Notes from China 1: Changsha

The first of two stops on my recent trip to China was in Changsha, in Hunan province.  I spoke about market design, following the publication of Who Gets What and Why in Chinese (the Chinese title was changed to The Sharing Economy, but the subtitle was still The New Economic of Matchmaking and Market Design).

Here's a picture I took of the stage, before the talk began:



Here are links to some press coverage, including a visit to ResGreen corporation, a sponsor:

Full coverage

诺奖得主埃尔文-罗斯长沙谈共享经济:核心在于稳定匹配

星辰在线 - ‎Sep 20, 2016‎
今日,诺贝尔经济学奖获得者埃尔文-罗斯(Alvin E. Roth)携最新的研究成果来到湖南长沙,走进了以绿之韵集团为代表的中国本土企业,与中国的商业巨鳄、学者专家共同探讨共享经济时代下的市场设计话题。

诺贝尔经济学奖得主埃尔文·罗斯:中国市场必须由中国经济学家设计

新浪网 - ‎Sep 19, 2016‎
罗斯(Alvin E. Roth),罗斯因在博弈论、市场设计和实验经济学领域作出的显著贡献,而于2012年获得诺贝尔经济学奖,目前罗斯在哈佛商学院担任经济及工商管理学教授,他多次访问中国,对目前中国经济的 ...

诺奖得主罗斯走进绿之韵谈共享经济:核心在于稳定匹配

湖南在线 - ‎Sep 21, 2016‎
埃尔文·罗斯(Alvin E。 Roth)考察湖南企业绿之韵公司. 罗斯此行携最新的研究成果,走进了以绿之韵集团为代表的中国本土企业,与中国的商业巨鳄、学者专家共同探讨共享经济时代下的市场设计话题。出席本 ...

诺贝尔经济学奖得主罗斯考察浏阳经开区企业

红网 - ‎Sep 20, 2016‎
红网综合讯据浏阳经开区消息9月20日上午,诺贝尔经济学奖获得者埃尔文•罗斯(Alvin E. Roth)一行来到浏阳经开区绿之韵集团考察。浏阳经开区党工委副书记、管委会主任郭力夫,绿之韵集团战略发展顾问、 ...

By the way, the food in Hunan is exotic, here's our lunch menu, which has some unusual items (translated for me by Ms Keny Chen):

Lunch Menu 午宴菜品
Cold Dishes|冷菜
Chrysanthemum with special sauce 凉拌苦菊
Vinegar walnut kernel 醋泡核桃仁
Preserved duck egg mixed with pepper 擂辣椒皮蛋
Sauced radish peels 萝卜皮
Salty chicken feet 盐焗凤爪
Fennel with special sauce 凉拌茴香
Soup|汤
海马人参乳鸽汤
Main Dishes|热菜
Lobster and salmon sashimi 龙虾三文鱼双拼刺身
Roast suckling pig 鸿运烤乳猪
Roasted goose 烧鹅
Braised local tortoise with soy sauce 红烧土乌龟
Stir-fry snake with spicy sauce 香辣蛇
Lactarius deliciosus braised in brown sauce 黄焖寒菌*
Steamed Leopard Coral Grouper 清蒸蓝东星斑
Steamed scallop with minced garlic and vermicelli 蒜蓉粉丝蒸扇贝
Sautéd razor shell 口味圣子王
Poached domestic chicken 清炖土鸡
Stir-fry snow pea and pleurotus nebrodensis (bailing mushroom) 荷兰豆炒白灵菇
Spiced beef 酱香肉
Steamed ribs with sticky rice and pumpkin 金瓜糯香骨
Stir-fry preserved taro stripe with dried paprika 干椒炒酸芋头丝
Stir-fry diced beef and capsicum 彩椒炒牛仔粒
Stir-fry shrimp with egg white 芙蓉百合
Stir-fry pickles with sliced conch 酸萝卜炒螺片
Stir-fry Chinese edible frog 爆炒田鸡
Stir-fry nostoc commune (agaric) 清炒地木耳
Stir-fry bitter melon with green pepper 清炒苦瓜
Stir-fry Chinese kale (Kai-lan) 清炒芥兰
Staples|主食
Fried Glutinous Rice Balls with Sesame 大麻果
Potsticker 锅饺

Monday, September 19, 2016

Who Gets What and Why, in China

I'll be travelling to China today, to speak in Changsha and Lanzhou, as a guest of the Times Media Group, to talk about the Chinese edition of my book Who Gets What and Why.

Here's a news story...
诺奖得主来华:共享经济时代如何优化资源配置?
Nobel Laureate in China: how to optimize the sharing of economic resources?

Google translate has trouble with my name in Chinese:  here are some variants they produce:
Erwin · E · Ross (Alvin E. Roth)
Elvin Ross

Wednesday, September 14, 2016

Quién obtiene qué y por qué. Who gets what and why, in Spanish

Who gets what and why is coming out in Spanish (in October). The publisher is Antoni Bosch, the economist.



Quién obtiene qué y por qué

LA NUEVA ECONOMÍA DEL DISEÑO DE MERCADOS

Alvin E. Roth
2016 (octubre)



Monday, September 5, 2016

MIÉRT GYERE EL? von Neumann lecture in Budapest on Who Gets What and Why, Sept 6

MIÉRT GYERE EL?
"We cordially invite you to the 2016 John von Neumann Award Ceremony and the public lecture held by the awardee on the 6th September. The title of the lecture will be "Who Gets What and Why: The New Economics of Matchmaking and Market Design”. 2012 Nobel laureate Professor Roth is going to talk about the matching markets hidden around us, from kindergarten choice through kidney transplantations to college football, and about how to make them work.

The lecture is organized by Rajk László College for Advanced Studies with the contribution of Institute of Economics of the Hungarian Academy of Sciences (KTI). The lecture will be held in English."
**********

Here's a news story announcing the event
Alvin E. Roth kapja az idei Neumann János-díjat
Google translate: Alvin E. Roth will receive this year's John Von Neumann Prize

The students at Rajk László College, who choose the recipient of this annual award, have done a good job in the past: https://en.wikipedia.org/wiki/John_von_Neumann_Award

Sunday, August 21, 2016

Who Gets What and Why shortlisted for German Business Book Prize (to be announced in October)

Deutscher Wirtschaftsbuchpreis 2016: Die Shortlist

Google translates: Dusseldorf (ots) - The finalists of the German Business Book Prize have been announced: Ten books have made ​​it to the final round for 2016th A distinguished jury selected this year for the tenth time from the titles shortlisted the best business book of the year. The Executive Jury has Gabor Steingart, publisher of Handelsblatt. The prize will be awarded on 21 October at the Frankfurt Book Fair.
The German Business Book Award is themed "Understanding Business".Handelsblatt, the Frankfurt Book Fair and the investment bank Goldman Sachs award the prize to promote the economic literature. The three partners aim to emphasize the distinction the importance of economy section in mediating economic relationships. The selection criteria therefore include not only innovative agenda-setting or a new perspective and understanding and readability. The prize is endowed with 10,000 euros.
The ten books shortlisted provides Handelsblatt in the weeks prior to the literature page in the weekend edition. All other information on the award, the jury and of the initiators can be found at: www.deutscher-wirtschaftsbuchpreis.de

Die Shortlist 2016:
George Akerlof, Robert Shiller: Phishing for Fools. Manipulation und Täuschung in der freien Marktwirtschaft. Econ, Berlin 2016, 416 Seiten, 24 Euro
Adam Grant: Nonkonformisten. Warum Originalität die Welt bewegt. Droemer, München 2016, 384 Seiten, 22,99 Euro
Christoph Keese: Silicon Germany. Wie wir die digitale Transformation schaffen. Knaus, München 2016, 368 Seiten, 22,99 Euro
Paul Mason: Postkapitalismus. Grundrisse einer kommenden Ökonomie. Suhrkamp, Berlin 2016, 430 Seiten, 26,95 Euro
Alec Ross: Die Wirtschaftswelt der Zukunft. Plassen, Kulmbach 2016, 400 Seiten, 24,99 Euro
Alvin E. Roth: Wer kriegt was und warum? Bildung, Jobs und Partnerwahl: Wie Märkte funktionieren. Siedler, München 2016, 304 Seiten, 24,99 Euro
Wolfgang Schäuble (und Michel Sapin): Anders gemeinsam (im Gespräch mit Ulrich Wickert). Hoffmann und Campe, Hamburg 2016, 256 Seiten, 22 Euro
Mark C. Schneider: Volkswagen. Eine deutsche Geschichte. Berlin Verlag, 2016, 304 Seiten, 22 Euro
Hans-Werner Sinn: Der Euro. Von der Friedensidee zum Zankapfel. Hanser, München 2016, 560 Seiten, 24,90 Euro
Sahra Wagenknecht: Reichtum ohne Gier. Wie wir uns vor dem Kapitalismus retten. Campus, Frankfurt 2016, 292 Seiten, 19,95 Euro

Tuesday, August 16, 2016

Who Gets What and Why, in Russian

Here is the Russian translation of Who Gets What and Why...


Sunday, August 14, 2016

Conversations about Who Gets What and Why (now in paperback)

After my book Who Gets What and Why came out in paperback, I did several radio interviews about it. Three of them have shown up on the web:

6/16/16: Alvin E. Roth – Economist – “Who Gets What – and Why” (14 minutes)
*********

This youtube is another audio conversation, on June 20 (about 20 minutes)
**************


Monday, June 27, station WISR in Pittsburgh (starts right before minute 1:02, and with a brief break for ads around 1:13, continues until 1:22)
 audio link
http://wisr680.com/turn-guests-mon-627/

Saturday, July 9, 2016

Kidney exchange and school choice in German (two interviews)

In Stern, in German, Bernhard Albrecht talks to  me about Tauschbörse für Organe, "Exchange of Organs."

Offering kidney, seeking kidney
Filesharing are in vogue. Some exchange Sammelbildchen, other clothing. The Nobel laureate economist Alvin Roth has developed a system to swap bodies. Who could benefit?


And today in Berliner Zeitung,  Nobel Prize winner Alvin Roth about the chaos at school choice and organ donation  (Nobelpreisträger Alvin Roth über das Chaos bei Schulwahl und Organspende)

(The latter interview comes without a byline, but I believe the interviewer was by the political correspondent Tobias Peter.)


Friday, June 17, 2016

Podcast about Who Gets What and Why (now in paperback)


Here's an interview about Who Gets What and Why, now in paperback.

Tuesday, June 7, 2016

College admissions--and censorship--in China (during the approach to the Gaokao college entrance exam)

David Yang writes:

Just want to share a post I saw on China’s social media today. 

This week is China’s college entrance exam (Gaokao), and a high-profile social media account featured your book and the matching algorithm in a post about the college admission system in China. See picture #1: the title of the post reads “One algorithm that solves the challenges of college admission”, and you can see the cover of your book below. The abstract reads: “Rarely is economics this useful and pragmatic — a classic algorithm can potentially lead China’s college admission system out of trouble, solving the lose-lose situation currently faced by students and universities.”

And when you click on the article, you see Picture #2, which is a signal that the article has been censored and content deleted. College admission system in China has been fiercely debated and it is become quite a sensitive topic!