Podcasts about why the new economics

Economists are no longer simply describing and understanding markets, but are often playing the role of “economic engineer”, improving existing markets and sometimes, designing market mechanisms from scratch. Al Roth is a professor of economics at Stanford University and the author of “Who Gets What ― and Why: The New Economics of Matchmaking and Market Design.” And although this book came out about seven years ago, it is still so, so fresh. He and Greg talk about the growing field of market design, liquidity in modern day markets, game theory and stable matching.Episode Quotes:How speed & technology have changed trading & markets:So right now a lot of trading engines are co-located with exchange servers in the same buildings, because the speed of light is bound on how fast you can find these trades. Majority of trades these days are algorithmic trades and they make very little money on each trade, but they make many, many trades.And it's not clear that that's helping price discovery or efficiency, because people who are making markets or offering bids and asks, have to take wider spreads in order to defend themselves against having traded on a stale bid or ask when someone who's a little faster than they gets new information from one of the markets.The growth of game theory & economics: I think a little bit that's the way economics developed. For a long time we took markets as things that happened and our job was to study them. But one of the things you can study and particularly with the advent of game theory in the 20th century, one of the things you can study is the details of how markets work. What is their design? And once you start studying their design, you can start talking about maybe helping to alter it and fix it.How Al got his start:It turned out the future of game theory was in economics. And so my claim when I speak to [Operations Research] audiences these days is that I didn't change my field, I stood my ground and the disciplinary boundaries moved around me. So I'm an economist because game theory is about economics. But increasingly it's coming back to operations research because market design is about the operations of certain kinds of companies that run markets.Show Links:Guest Profile:Faculty Profile at Stanford UniversityFaculty Profile at Harvard Business SchoolProfessional Profile at The Nobel Prize's WebsiteAl Roth at Talks at GoogleHis Work:Al Roth on Google ScholarWho Gets What ― and Why: The New Economics of Matchmaking and Market DesignWho Gets What - And Why

In Who Gets What — and Why: The New Economics of Matchmaking and Market Design (Mariner Books, 2015), Nobel Memorial Prize Winner Alvin Roth explains his pioneering work in the study of matching markets such as kidney exchange, marriage, job placements for new doctors and new professors, and enrollments in schools or colleges. In these markets, “buyers” and “sellers” must each chose the other, and getting the prices right is only a small part of what makes for a successful transaction, if cash is even involved at all. Roth's work has led the way in taking microeconomics outside the halls of academic theory to become a practical “engineering” tool for policymakers and businesses. In our interview, we range far beyond the examples from the book to discuss the implications of his work for the design of tech's market-making “platform” businesses like Airbnb, Amazon, Lyft, or Uber, the challenges he faces when countries or people view some kinds of transactions as “repugnant” or morally unacceptable, and the reasons why San Francisco's school district (unlike Boston's or New York's) chose not to implement the un-gameable school choice plan his team devised for them. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. Learn more about your ad choices. Visit megaphone.fm/adchoices

In Who Gets What — and Why: The New Economics of Matchmaking and Market Design (Mariner Books, 2015), Nobel Memorial Prize Winner Alvin Roth explains his pioneering work in the study of matching markets such as kidney exchange, marriage, job placements for new doctors and new professors, and enrollments in schools or colleges. In these markets, “buyers” and “sellers” must each chose the other, and getting the prices right is only a small part of what makes for a successful transaction, if cash is even involved at all. Roth's work has led the way in taking microeconomics outside the halls of academic theory to become a practical “engineering” tool for policymakers and businesses. In our interview, we range far beyond the examples from the book to discuss the implications of his work for the design of tech's market-making “platform” businesses like Airbnb, Amazon, Lyft, or Uber, the challenges he faces when countries or people view some kinds of transactions as “repugnant” or morally unacceptable, and the reasons why San Francisco's school district (unlike Boston's or New York's) chose not to implement the un-gameable school choice plan his team devised for them. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

In Who Gets What — and Why: The New Economics of Matchmaking and Market Design (Mariner Books, 2015), Nobel Memorial Prize Winner Alvin Roth explains his pioneering work in the study of matching markets such as kidney exchange, marriage, job placements for new doctors and new professors, and enrollments in schools or colleges. In these markets, “buyers” and “sellers” must each chose the other, and getting the prices right is only a small part of what makes for a successful transaction, if cash is even involved at all. Roth's work has led the way in taking microeconomics outside the halls of academic theory to become a practical “engineering” tool for policymakers and businesses. In our interview, we range far beyond the examples from the book to discuss the implications of his work for the design of tech's market-making “platform” businesses like Airbnb, Amazon, Lyft, or Uber, the challenges he faces when countries or people view some kinds of transactions as “repugnant” or morally unacceptable, and the reasons why San Francisco's school district (unlike Boston's or New York's) chose not to implement the un-gameable school choice plan his team devised for them. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/systems-and-cybernetics

In Who Gets What — and Why: The New Economics of Matchmaking and Market Design (Mariner Books, 2015), Nobel Memorial Prize Winner Alvin Roth explains his pioneering work in the study of matching markets such as kidney exchange, marriage, job placements for new doctors and new professors, and enrollments in schools or colleges. In these markets, “buyers” and “sellers” must each chose the other, and getting the prices right is only a small part of what makes for a successful transaction, if cash is even involved at all. Roth's work has led the way in taking microeconomics outside the halls of academic theory to become a practical “engineering” tool for policymakers and businesses. In our interview, we range far beyond the examples from the book to discuss the implications of his work for the design of tech's market-making “platform” businesses like Airbnb, Amazon, Lyft, or Uber, the challenges he faces when countries or people view some kinds of transactions as “repugnant” or morally unacceptable, and the reasons why San Francisco's school district (unlike Boston's or New York's) chose not to implement the un-gameable school choice plan his team devised for them. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day

In Who Gets What — and Why: The New Economics of Matchmaking and Market Design (Mariner Books, 2015), Nobel Memorial Prize Winner Alvin Roth explains his pioneering work in the study of matching markets such as kidney exchange, marriage, job placements for new doctors and new professors, and enrollments in schools or colleges. In these markets, “buyers” and “sellers” must each chose the other, and getting the prices right is only a small part of what makes for a successful transaction, if cash is even involved at all. Roth's work has led the way in taking microeconomics outside the halls of academic theory to become a practical “engineering” tool for policymakers and businesses. In our interview, we range far beyond the examples from the book to discuss the implications of his work for the design of tech's market-making “platform” businesses like Airbnb, Amazon, Lyft, or Uber, the challenges he faces when countries or people view some kinds of transactions as “repugnant” or morally unacceptable, and the reasons why San Francisco's school district (unlike Boston's or New York's) chose not to implement the un-gameable school choice plan his team devised for them. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/science-technology-and-society

In Who Gets What — and Why: The New Economics of Matchmaking and Market Design (Mariner Books, 2015), Nobel Memorial Prize Winner Alvin Roth explains his pioneering work in the study of matching markets such as kidney exchange, marriage, job placements for new doctors and new professors, and enrollments in schools or colleges. In these markets, “buyers” and “sellers” must each chose the other, and getting the prices right is only a small part of what makes for a successful transaction, if cash is even involved at all. Roth's work has led the way in taking microeconomics outside the halls of academic theory to become a practical “engineering” tool for policymakers and businesses. In our interview, we range far beyond the examples from the book to discuss the implications of his work for the design of tech's market-making “platform” businesses like Airbnb, Amazon, Lyft, or Uber, the challenges he faces when countries or people view some kinds of transactions as “repugnant” or morally unacceptable, and the reasons why San Francisco's school district (unlike Boston's or New York's) chose not to implement the un-gameable school choice plan his team devised for them. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/public-policy

In Who Gets What — and Why: The New Economics of Matchmaking and Market Design (Mariner Books, 2015), Nobel Memorial Prize Winner Alvin Roth explains his pioneering work in the study of matching markets such as kidney exchange, marriage, job placements for new doctors and new professors, and enrollments in schools or colleges. In these markets, “buyers” and “sellers” must each chose the other, and getting the prices right is only a small part of what makes for a successful transaction, if cash is even involved at all. Roth's work has led the way in taking microeconomics outside the halls of academic theory to become a practical “engineering” tool for policymakers and businesses. In our interview, we range far beyond the examples from the book to discuss the implications of his work for the design of tech's market-making “platform” businesses like Airbnb, Amazon, Lyft, or Uber, the challenges he faces when countries or people view some kinds of transactions as “repugnant” or morally unacceptable, and the reasons why San Francisco's school district (unlike Boston's or New York's) chose not to implement the un-gameable school choice plan his team devised for them. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

In Who Gets What — and Why: The New Economics of Matchmaking and Market Design (Mariner Books, 2015), Nobel Memorial Prize Winner Alvin Roth explains his pioneering work in the study of matching markets such as kidney exchange, marriage, job placements for new doctors and new professors, and enrollments in schools or colleges. In these markets, “buyers” and “sellers” must each chose the other, and getting the prices right is only a small part of what makes for a successful transaction, if cash is even involved at all. Roth's work has led the way in taking microeconomics outside the halls of academic theory to become a practical “engineering” tool for policymakers and businesses. In our interview, we range far beyond the examples from the book to discuss the implications of his work for the design of tech's market-making “platform” businesses like Airbnb, Amazon, Lyft, or Uber, the challenges he faces when countries or people view some kinds of transactions as “repugnant” or morally unacceptable, and the reasons why San Francisco's school district (unlike Boston's or New York's) chose not to implement the un-gameable school choice plan his team devised for them. Host Peter Lorentzen is an Associate Professor in the Department of Economics at the University of San Francisco, where he leads a new digital economy-focused Master's program in Applied Economics. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

In this episode, I talk to Alvin Roth of Stanford University about market design and game theory. We delve into topics like market structures, market failures, game theory applications, and more! Check out the episode to learn about market design and game theory in a simplified way! Alvin Roth is the Craig and Susan McCaw Professor of Economics at Stanford University. He specializes in market design, game theory, and behavioral and experimental economics. In addition to being a professor, he was the President of the American Economics Association in 2017. In 2012, he won the Nobel Memorial Prize in Economic Sciences jointly with Lloyd Shapley for the theory of stable allocations and the practice of market design. Before teaching at Stanford, Alvin taught economics at Harvard, where he now holds emeritus status. He is the author of Who Gets What and Why, which is linked below. Alvin received his undergraduate degree from Columbia University in Operations Research and both his master’s and doctorate degrees from Stanford, both in Operations Research. Follow Stanford University on Twitter here! Follow StreetFins on Twitter, Instagram, and Facebook here, and follow me on Twitter @rohaninvest! Find and subscribe to Finance Simplified on Apple Podcasts, Google Podcasts, and Spotify! Alvin’s Book: Who Gets What ― and Why: The New Economics of Matchmaking and Market Design (2015) Want to learn more? Check out some StreetFins articles relating to topics mentioned in the episode: Intro to Economics Intro To Microeconomics

More at https://www.philosophytalk.org/shows/repugnant-markets. We might ban buying or selling horse meat in the US not for the protection of horses, but because we find it morally repugnant. Yet this moral repugnance is clearly not universal, and on some level may even be arbitrary, given France's attitude towad horse meat. What role, if any, should moral repugnance play in determining the rules of our marketplaces? Even if we want to eliminate the influence of moral repugnance, can we? Debra and Ken hold their noses with Nobel-laureate economist Alvin Roth, author of "Who Gets What ― and Why: The New Economics of Matchmaking and Market Design."

More at https://www.philosophytalk.org/shows/repugnant-markets. We might ban buying or selling horse meat in the US not for the protection of horses, but because we find it morally repugnant. Yet this moral repugnance is clearly not universal, and on some level may even be arbitrary, given France's attitude toward horse meat. What role, if any, should moral repugnance play in determining the rules of our marketplaces? Even if we want to eliminate the influence of moral repugnance, can we? Debra and Ken hold their noses with Al Roth from Stanford University, author of "Who Gets What ― and Why: The New Economics of Matchmaking and Market Design."

Chuck and Rachel recap recent events in New Haven, CT and New York, NY. They also discuss some recent success stories of Strong Towns members in action. Mentioned in this podcast: "An Open Letter to the City of Springfield" by Chuck Marohn "One Million Strong" by Chuck Marohn Join us for this week's slackchat at 12pm CT on Wednesday "Putting Portland's Urban Highway in its Place" by Rachel Quednau "Placemaking Projects Create a Stronger Iron Range" by Rachel Quednau Debt: The First 5,000 Years by David Graeber Who Gets What ? and Why: The New Economics of Matchmaking and Market Design by Alvin Roth

本期节目邀请到了『掘金』的创始人阴明，来和我们聊聊他们的创业故事和他对创业中的技术选型的一些看法。 掘金 香港中文大学 University of Cambridge Product Hunt Hacker News Arc Programming Language Growth hacking 掘金翻译计划 LeanCloud Parse Node.js Heroku Striking.ly 掘金的后端架构 Express AngularJS Backbone.js Meteor Firebase Vue.js vue-loader 掘金 Vue.js 专区 React Pokemon Go ,中国区玩法教程小白帖（不需要越狱） 共享经济：市场设计及其应用 Who Gets What — and Why: The New Economics of Matchmaking and Market Design Moo.do Special Guest: 阴明.

Nobel-prize-winning economist Alvin Roth 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 Uber, Airbnb, and Google to thrive. His insights extend beyond products, services, and features to include how successful companies attract and hire the most talented employees. Alvin Roth is a Stanford University Professor, and bestselling author of Who Gets What - and Why: The New Economics of Matchmaking and Market Design. In this episode you will learn: how one phone call and a pivotal decision ultimately led to a Nobel Prize the important differences between markets the role of markets when it comes to marriage, loans, and more the role of social support in markets the ways the Internet and mobile technology shape market possibilities the three key factors that influence the success of companies like Airbnb and Uber the ways Smartphones are influencing markets how labor market findings influenced the market designs of today what game theory can teach us about getting into college and getting a job how market designers are applying their skills to the growing global refugee crisis 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. Links to Topics Mentioned in this Podcast Bob Beran National Resident Matching Program   Operations research   Roth-Peranson Algorithm Elliott Peranson United Network for Organ Sharing (UNOS) School Choice Programs Black Market Repugnant Markets   Lloyd Shapley David Gale The Sveriges Riksbank Prize in Economic Sciences 1962 paper of Lloyd Shapley and David Gale Stable Matching (or Marriage) Problem (SMP) Game Theory Parag A. Pathak Atila Abdulkadiroglu If you enjoyed the podcast, please rate and review it on iTunes. For automatic delivery of new episodes, be sure to subscribe. Thanks for listening! Thank you to Emmy-award-winning Creative Director Vanida Vae for designing the Curious Minds logo! @GAllenTC www.gayleallen.net LinkedIn

Alvin E. Roth is the Craig and Susan McCaw Professor of Economics at Stanford University. He is also the Gund Professor of Economics and Business Administration Emeritus at Harvard University. Professor Roth has made significant contributions to the fields of game theory, experimental economics and market design and is known for his emphasis on applying economic theory to solutions for "real-world" problems. In 2012, Alvin won the Nobel Memorial Prize in Economic Sciences jointly with Lloyd Shapley "for the theory of stable allocations and the practice of market design” Alvin has a B.S form Columbia University,  and earned his MS and Ph.D. from Stanford University. Alvin’s latest book Who Gets What and Why: The New Economics of Matchmaking and Market Design is now available on Amazon. In this episode you will learn: what economics is and if we need money to allow a market to operate efficiently. about the price discovery process in economics. what is match-making markets and how similar the labor market is to the dating market. what is market design and why it is important. how entrepreneurs and start-ups, like Airbnb and Uber, use market failure to solve a problem. what is a repugnant market. the difference between a thick and a thin market. what makes a market thick. about the black market for kidneys. how kidney exchange works. and much more. Subscribe to the Economic Rockstar podcast on iTunes and never miss an episode. Check out the shownotes and links mentioned in this episode at www.economicrockstar.com/alvin-roth

Alvin Roth, winner of the Nobel Prize in Economic Sciences and Professor of Economics at Stanford University joins us on The Big Trade Series for an insightful conversation on market design. Alvin introduces his concepts on the commodity and matching markets. A discussion follows on which category the stock market falls into and its implications, as well as the impact of capital control and the role of high frequency trading. Peter shares his concerns regarding the TPP, particularly on protectionism and its impacts on multinational companies. The conversation then shifts to repugnant transactions as Alvin provides examples including Uber, same sex marriage, kidney transplants and more. The dialogue quickly progresses into the role of government intervention in the free market. The episode wraps up as Alvin shares some useful takeaways from his new book Who Gets What — and Why: The New Economics of Matchmaking and Market Design.

On the show this week we talk to Nobel Memorial Prize winning economist Alvin Roth about his latest book Who Gets What—and Why: The New Economics of Matchmaking and Market Design.iTunes: itunes.apple.com/us/podcast/inquiring-minds/id711675943RSS: feeds.feedburner.com/inquiring-mindsStitcher: stitcher.com/podcast/inquiring-mindsTumblr: http://inquiringshow.tumblr.com

If you’ve 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, you’ve 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 isn’t the only factor determining who gets what.  Our guest this week, Alvin E. Roth, is one of the world’s 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. Alvin is the Craig and Susan McCaw Professor of Economics at Stanford University. He is also the Gund Professor of Economics and Business Administration Emeritus at Harvard University. He works in the areas of game theory, experimental economics and market design. He is also the author of the fantastic new book, Who Gets What — and Why: The New Economics of Matchmaking and Market Design, and in 2012 he won the Nobel Prize in Economic Sciences "for the theory of stable allocations and the practice of market design" ...whatever that means. ____ "Markets are what people do. It's how we get along with each other. When you're not alone and you're interacting with other people there is a good chance you're engaged in some kind of marketplace." - Alvin Roth Quotes from Alvin: What we learn in this episode: What is the true definition of a market? What are matching markets and what are some examples? What is a repugnant transaction? What's a great trick to increase your chances of being accepted to the college of your choice? Resources: Who Gets What — and Why: The New Economics of Matchmaking and Market Design http://marketdesigner.blogspot.com/ http://web.stanford.edu/~alroth/ -- This episode is brought to you by: Animoto: Visit Animoto.com/smartpeople and use promo code “SMARTPEOPLE” to get 15% off to receive 15% off an Annual Pro subscription! Lynda.com: Do something good for yourself in 2015 and sign up for a FREE 10-day trial to Lynda.com by visiting Lynda.com/smartpeople.

Want a job at Google, a gorgeous hideaway on Airbnb, a spot on the Stanford faculty, a romantic partner or even a kidney?Good news, bad news. You have a say, but so do they.It's all part of a phenomenon called "matching markets."Markets are what make businesses possible. But not all markets operate on the exchange of cash for goods. In fact, some of the most important markets go so far as to outlaw cash. In other markets, like romance, many societies just find cash morally repugnant. And, no matter how much you may want something, there's another person who'll have a say in whether you get it.When you understand these often complex and hidden markets, the nuanced rules and games that get played, you end up in a better place to both get what you need from them and give more effectively to those you seek to serve.That's what we're talking about in this week's conversation with Nobel Prize-winning economist, Stanford professor and author of the fascinating new book, Who Gets What - and Why: The New Economics of Matchmaking and Market Design, Al Roth.This discussion pulls back the curtain on why we are willing to do so much, for one thing, person or opportunity and yet so little for another and how that is redefining our options, how they are presented, and how much control we really have over any of it.