The Quotes are Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.

Two, Alvin E Roth and Lloyd Shaple win this years Nobel Prize in Economics

Monday, 15 October 2012
The Swedish Central banks and the Nobel committee has awarded the 2012 Nobel Prize in Economics to Alvin E. Roth of Harvard University, USA, and Harvard Business School USA and Lloyd S. Shapley University of California, Los Angeles, CA, USA

The Prize is won for their works in "theory of stable allocations and practice of market design."

Briefly, Stable allocations – from theory to practice is according to the awarding body
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? In trying to answer the question, the noble committee believe that the winners have tried to shed some light on that.

"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," writes the noble award body.
Scancomark.com Team