The Nobel Prize in economics this year goes to Al Roth and Lloyd Shapley, whose work has had a huge impact on the mathematical foundation and practical application of game theory. Shapley is a mathematical game theorist who made a number of important theoretical contributions that I’ll leave to others to explain. Roth has worked on applied aspects of some of the same issues, including school choice and chains for matching kidney donors with recipients. His blog is a good place to start.
Nobel announcementOctober 15, 2012