Monday, October 29, 2012

Nobel Prize in Economics 2012

Game theory was always my favourites. "Formulating Rules" Prof. John Nash's equilibrium.

http://www.nobelprize.org/mediaplayer/index.php?id=1838


Well anyways Economics is not always about money.

This year's Prize concerns a central economic problem: how to match different agents as well as possible. For example, students have to be matched with schools, and donors of human organs with patients in need of a transplant. How can such matching be accomplished as efficiently as possible? What methods are beneficial to what groups? The prize rewards two scholars who have answered these questions on a journey from abstract theory on stable allocations to practical design of market institutions.http://www.nobelprize.org/nobel_prizes/economics/laureates/2012/press.html
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