Alvin Roth, Co-Winner of the 2012 Nobel Economics Prize, discusses: 

- Early work of Co-Winner Lloyd Shapley;
- Misallocation of scarce resources;
- Shapley's work in ‘Game Theory’ - evaluate, in a numerical way, decisions in games and other interactions between people; 
- Being drawn to a 'more useful purpose' for what could often seem arcane mathematical riddles; 
- Roth's chance to put ideas into practice - 1999 - match young doctors to their first jobs as residents; 
- 2003 - redesign system that determined how students were assigned to schools in New York City; 
- Work on the New York City high school applications system - 2003; 
- So-called ‘unstable outcomes’.

Alvin Roth, Co-Winner of the 2012 Nobel Economics Prize, discusses: - Early work of Co-Winner Lloyd Shapley; - Misallocation of scarce resources; - Shapley's work in &lsquo;Game Theory&rsquo; - evaluate, in a numerical way, decisions in games and other interactions between people; - Being drawn to a 'more useful purpose' for what could often seem arcane mathematical riddles; - Roth's chance to put ideas into practice - 1999 - match young doctors to their first jobs as residents; - 2003 - redesign system that determined how students were assigned to schools in New York City; - Work on the New York City high school applications system - 2003; - So-called &lsquo;unstable outcomes&rsquo;.

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