A Nobel laureate reveals the often surprising rules that govern a vast array of activities both mundane and life-changing in which money may play little or no role. If youve ever sought a job or hired someone, applied to college or guided your child into a good kindergarten, asked someone out on a date or been asked out, youve participated in a kind of market. Most of the study of economics deals with commodity markets, where the price of a good connects sellers and buyers. But what about other kinds of goods, like a spot in the Yale freshman class or a position at Google? This is the territory of matching markets, where sellers and buyers must choose each other, and price isnt the only factor determining who gets what. Alvin E. Roth is one of the worlds leading experts on matching markets. He has even designed several of them, including the exchange that places medical students in residencies and the system that increases the number of kidney transplants by better matching donors to patients. In Who Gets What And Why, Roth reveals thematching markets hidden around us and shows how to recognize a good match and make smarter, more confident decisions....
|Title||:||Who Gets What — and Why: The New Economics of Matchmaking and Market Design|
|Format Type||:||Kindle Edition|
|Number of Pages||:||274 pages|
|Url Type||:||Home » Download » Who Gets What — and Why: The New Economics of Matchmaking and Market Design|
Who Gets What — and Why: The New Economics of Matchmaking and Market Design Reviews
Economics is dry and dreary, right? Not in Al Roth’s hands. With the accessibility of Bill Nye and the relatability of those "Mythbusters" guys, "Who Gets What—and Why" explains the ins and outs of matching markets (as opposed to financial and commodities ones that trade in interchangeable things like stocks and gold). Roth covers everything from dating websites to kidney transplants, from jobs for young doctors to public school assignment, using each to demonstrate that “[m]arkets are human art ...more
An enjoyable, insightful and very accessible guide to the economics of "matchmaking" with very light explanations of the theories developed by Nobel-prize winning economist Alvin Roth and others but much more extensive discussions of his own personal experience in designing new mechanisms to match people in a variety of settings including kidney donations, medical residencies, and public school choice. Ultimately one of the books strongest arguments is that abstract theory can get you pretty far ...more
Nội dung rất có ý nghĩa để hiểu thêm về cách giải quyết các vấn đề trong thị trường Mỹ, một đất nước phát triển. Các bài học, dù chưa hoàn tất, sẽ góp phần giúp người đọc suy nghĩ cặn kẽ hơn và hiệu quả hơn cho thị trường mình đang thuộc về.
Không có nhiều kỹ thuật được mô tả chi tiết tuy nhiên phần phụ lục sẽ rất có ích cho người đọc tìm hiểu thêm sâu hơn. Sẽ rất có ích nếu có bạn đọc chia sẻ vấn đề thiết kế thị trường trong các quốc gia đang phát triển.
I bought this book because I have a personal interest in the Boston Public School lottery, and the author is a Nobel Prize-winning economist who helped design the lottery. He also helped design the New York City Public School lottery, the kidney transplant exchange, the medical school match process, and numerous other systems. Which he does not stop reminding the reader of. His lack of modesty aside, and my personal interest aside, I thought this was a really interesting look at what a "market" ...more
This book was a great introductory to market design and the last chapter was very inspirational!
Alvin Roth won the Nobel Prize in economics. If you didn't know that, well, this book will make sure you do. Oh, he has also taught some brilliant PhD students, who has solved some very challenging market-matching problems. Yep, Mr. Roth is nothing short of smart, brilliant, .
As a writer, however, he falls short of explaining the intricacies of the market problems that he is trying to design. Anytime the narrative starts to become engaging, it will be disrupted by either a completely different t ...more
Roth is one of my favorite economist, if for no other reason than his work on organ matching has led directly to saving hundreds (on the low end) of lives. His book, however, is not one of my favorite pop-econ books. I think it is a great introduction to a field of economics that has largely kept itself out of the spotlight, but I think he makes too much of matching (rather than price) as being a large feature of markets. He notes that in most markets not everything is allocated by price and ass ...more
In today's socio-economic-political context, everyone loves to have an opinion. We have Facebook, twitter, and drunk parties to express, discuss, and debate. However, we often do not fulfill the criteria and responsibility of adequately educating ourselves prior to formation and expression of those opinions.
Free Markets, Markets, Regulations, Laws, Government (Large or Big), Welfare Policies, etc. are the center-stage of most such conversations, dividing us into camps of Left and Right, Liberal ...more