U.S. economists win Nobel for applying match-making

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Combination photograph of 2012 Economics Nobel Prize winners Lloyd Shapley of UCLA and Alvin Roth of Stanford UniversitySTOCKHOLM (Reuters) – Life-saving kidney exchanges and ways for schools to select students are just two practical applications of the market-matching theories for which U.S. economists Alvin Roth and Lloyd Shapley won the Nobel prize for economics on Monday. Pairing up employers with job seekers – for instance doctors and lawyers taking up their first appointments – are other examples of how Roth, 60, and Shapley, 89, have separately applied game theory to daily life. The Royal Swedish Academy of Sciences, which awards the 8 million crown ($1. …

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