Tuesday, October 16, 2012

Alvin Roth Wins Nobel Prize

I was fortunate to have worked my way through college as an Undergraduate Research Assistant with the Economics department at the University of Illinois working on multi-player bargaining experiments funded by some NSF grants where one of the researchers was Al Roth. He was already well known in game theory at the time these experiments were conducted.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2012 was awarded jointly to Alvin E. Roth and Lloyd S. Shapley "for the theory of stable allocations and the practice of market design"

http://www.nobelprize.org/nobel_prizes/economics/laureates/2012/

Three of his earlier papers where we (Ron Harstad, Michael Barr, myself) contributed by building multi-player experiments on PLATO:

Expectations and Reputations in Bargaining: An Experimental Study (1983)

The Role of Information in Bargaining: An Experimental Study (1982)
http://kuznets.fas.harvard.edu/~aroth/papers/1982_E_Role_of_Information.pdf

Sociological versus strategic factors in bargaining (1980)

A footnote in history!

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