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The'Stable Allocations' theory that earned Alvin E. Roth his Nobel, refers to what?

  • The perfect stock portfolio

  • An unchanging labor force

  • Efficient and fair market outcome

  • Retirement plans for older citizens

Answer

Alvin E. Roth's Nobel Prize-winning Stable Allocations theory describes an efficient and fair market outcome. It is a mathematical model that helps to match people to jobs, schools, and other opportunities in a way that is fair to all parties involved. Theory has been used to improve the matching process in a variety of settings, including medical residency programs, college admissions, and organ donation.
The Mastermind of Market Design: Alvin E. Roth Quiz

The Mastermind of Market Design: Alvin E. Roth Quiz

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