Nobel Prize for Matchmaking

Alvin Roth and Lloyd Shapley won today's Nobel Prize in Economics for their work on "how to match different agents as well as possible." Roth's work includes how to match NYC 8th graders to their chosen high schools.  Parag Pathak, associate professor of economics at M.I.T., worked with Roth on that and joins us to explain the economics of matchmaking.

→Listen to Alvin Roth explain game theory on The Brian Lehrer Show when Robert Aumann and Thomas Schelling won the 2005 Nobel Prize in Economics.