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What's another name for the real-world issue-solving concept Alvin E. Roth advocates for?
Imaginary Problem Solving
Theoretical Problem Solving
Market Design
Unreal Problem Solving
Answer
Market Design is a real-world issue-solving concept advocated for by Alvin E. Roth. This approach is a process that aims to create and implement economic institutions that align individual incentives with the broader goals of society. Market Design has been used to solve a variety of problems, such as allocating scarce medical resources, matching students to schools, and designing auctions.
The Mastermind of Market Design: Alvin E. Roth Quiz
More Questions
From which discipline does the'Game Theory' that Roth works with originate?
What is'Market Design' as used by Alvin E. Roth?
Which term best describes the economic concepts Alvin E. Roth is known for working with?
The'Stable Allocations' theory that earned Alvin E. Roth his Nobel, refers to what?
Alvin E. Roth's work is known for mixing economic theory with what?
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