16 Quotes by Alvin E. Roth
- Author Alvin E. Roth
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A lot of people are surprised economists are assisting with kidney exchanges. Exchanges are what economists are good at.
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I don't think I could have thought of any place other than Stanford to leave Harvard for.
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I've always been interested in using mathematics to make the world work better.
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Market design is about understanding the details of markets in sufficient detail so that we can help fix them when they are broken.
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Often people expect I have some touching personal story about kidney disease, but it's actually the mathematics that led me to it.
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Experimental economics is about conducting experiments: bringing economics into the laboratory or creating controlled conditions in the field that allow us to understand better what we are seeing in less controlled circumstances.
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I gravitated to economics because I'm interested in how people coordinate and collaborate with each other. Economics studies all the ways people get along with each other.
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I moved to Harvard in 1998, and in 2000 the first kidney exchange in the United States was done at a hospital nearby. I started to think, 'Gee, there might be a way where I could help organize it, make it easier for people to find kidneys.'
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In a paper called 'The Economics of Matching: Stability and Incentives,' I showed that there were not any mechanisms that would always both produce a stable matching and make it completely safe for all firms and workers to reveal their true preferences.
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