Alvin E. Roth
1951
5
Quotes
Biography
Alvin E. Roth is an American economist who was born in 1951. He is known for his work in game theory, market design, and experimental economics. Roth was awarded the 2012 Nobel Memorial Prize in Economic Sciences, jointly with Lloyd S. Shapley, for their research on the theory of stable allocations and the practice of market design. He is a professor at Stanford University and the Stanford Graduate School of Business. Roth's contributions have had a significant impact on various real-world applications including school choice, kidney exchange programs, and other matching markets.
Famous Quotes (5)
1
Sometimes, small changes in the rules can allow markets to work better.
2
Economists come up with better theories when old ones fail.
3
Matching markets are about the allocation of scarce resources which have value.
4
Successful designs come from iterative processes where you learn from past experiences.
5
It's important to ensure that the rules are built in a way that brings out good behavior.