CM 014: Alvin Roth on the Secrets of Market Design




Curious Minds: Innovation in Life and Work show

Summary: <a href="http://www.gayleallen.net/wp-content/uploads/2015/12/Blog-Post-Alvin-Roth.png"></a><a href="http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2012/" target="_blank">Nobel-prize-winning</a> economist <a href="http://web.stanford.edu/~alroth/" target="_blank">Alvin Roth</a> explores the markets that shape our lives, particularly our work, our health care and our schools. He also explains how key technologies enable companies like <a href="https://www.uber.com/">Uber</a>, <a href="https://www.airbnb.com/">Airbnb</a>, and <a href="https://www.google.com/">Google</a> to thrive. His insights extend beyond products, services, and features to include how successful companies attract and hire the most talented employees.<br> Alvin Roth is a <a href="http://web.stanford.edu/~alroth/">Stanford University Professor</a>, and bestselling author of <a href="http://www.amazon.com/Who-Gets-What-Why-Matchmaking/dp/0544291131">Who Gets What – and Why: The New Economics of Matchmaking and Market Design</a>. In this episode you will learn:<br> <br> how one phone call and a pivotal decision ultimately led to a Nobel Prize<br> the important differences between markets<br> the role of markets when it comes to marriage, loans, and more<br> the role of social support in markets<br> the ways the Internet and mobile technology shape market possibilities<br> the three key factors that influence the success of companies like Airbnb and Uber<br> the ways Smartphones are influencing markets<br> how labor market findings influenced the market designs of today<br> what game theory can teach us about getting into college and getting a job<br> how market designers are applying their skills to the growing global refugee crisis<br> <br> Alvin also shares what got him interested in the economics of market design and the potential this new field holds for helping us rethink what markets are and can do.<br> Links to Topics Mentioned in this Podcast<br> <a href="http://www.amazon.com/Who-Gets-What-Why-Matchmaking/dp/0544291131">Who Gets What — and Why: The New Economics of Market Design</a> by <a href="http://web.stanford.edu/~alroth/">Alvin Roth</a><br> <a href="https://books.google.com/books?id=t4qdBAAAQBAJ&amp;pg=PA146&amp;lpg=PA146&amp;dq=bob+beran+and+the+match&amp;source=bl&amp;ots=vRs2C9sTty&amp;sig=GML3Rha3ZHHkr3qNLRcQAje0JPE&amp;hl=en&amp;sa=X&amp;ved=0ahUKEwj61Z2E38rJAhUX5WMKHVByC6gQ6AEIKzAD#v=onepage&amp;q=bob%20beran%20and%20the%20match&amp;f=false">Bob Beran</a><br> <a href="http://www.nrmp.org/">National Resident Matching Program</a><br> <a href="http://www.pitt.edu/">University of Pittsburgh</a><br> <a href="https://www.stanford.edu/">Stanford University</a><br> <a href="http://www.harvard.edu/">Harvard University</a><br> <a href="https://en.wikipedia.org/wiki/Operations_research">Operations research</a><br> <a href="https://www.uber.com/">Uber</a><br> <a href="https://www.airbnb.com/">Airbnb</a><br> <a href="https://www.google.com/">Google</a><br> <a href="https://en.wikipedia.org/wiki/National_Resident_Matching_Program">Roth-Peranson Algorithm</a><br> <a href="https://www.aeaweb.org/articles.php?doi=10.1257/aer.89.4.748">Elliott Peranson</a><br> <a href="https://www.unos.org/">United Network for Organ Sharing (UNOS)</a><br> <a href="https://en.wikipedia.org/wiki/Alvin_E._Roth#New_York_City_public_school_system">School Choice Programs</a><br> <a href="https://en.wikipedia.org/wiki/Black_market">Black Market</a><br> <a href="https://en.wikipedia.org/wiki/Repugnant_market">Repugnant Markets</a><br> <a href="http://www.ebay.com/">eBay</a><br> <a href="https://www.paypal.com/">PayPal</a><br> <a href="https://en.wikipedia.org/wiki/Smartphone">Smartphone</a><br> <a href="https://en.wikipedia.org/wiki/Lloyd_Shapley">Lloyd Shapley</a><br> <a href="https://en.wikipedia.org/wiki/David_Gale">David Gale</a><br> <a href="http://www.nobelprize."></a>