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Alvin Elliot Roth won this year’s John van Neumann award| 2016.09.07.

After winning the Nobel Memorial Prize, the Corvinus Student award has also been given to the American professor. Members of the Rajk László College of Corvinus University of Budapest chose American professor of economics Alvin Roth for this year’s John van Neumann award. The award founded in 1995, is given to researchers who have contributed to the field of exact social sciences through innovative research. What is interesting about this award, that its candidate is solely decided by a student jury. Among the previous holders of this award we can find Varian Hal, János Kornai and Acemoglut Daron.

In 2012 Professor Roth and Lloyd Shapley received the joint Nobel Memorial Prize in Economic Sciences for their theory on stable distribution and practical market planning solutions. (You can read more about his curriculum vitae in the bracket.)

Alvin Elliot Roth received his first diploma in operation research from Columbia University in 1971. He finished his Master and PhD program in the same field at Stanford. He taught economics at the University of Pittsburgh, while currently he is teaching at Stanford and at the Harvard Business School. He is a holder of the Alfred P. Sloan award and Guggenheim award, he is a member of the American Academy of Arts and Sciences, the National Bureau of Economic Research and the Econometric Society.

First of all, Alvin E. Roth is known as a pioneer in the field of game-theory, market-planning and experimental economics, and his most well-known field of research of mechanism planning. First of all the planning of special distributive mechanisms take place in situations (economically speaking in markets) where there are no cash payments.

Foster children and potential foster parents, university students and universities, refugees and host countries – many important social problems, that affect all of us, and their fair, and economically speaking good solutions are a common interest. During his research, Professor Roth has been working on planning similar markets and mathematical algorithms which facilitate distribution. Several distributive systems are based on his high impact solutions. Mechanisms such as the resident training system appointing practitioners to their first placement or the application procedure for high school students in the New York and Boston area and even the first kidney transplant exchange program have been based on his research.

 According to the traditions of the Rajk László College, the laureate is hosted by the College, where the public will have the chance to listen to the professor during a public presentation. Part of the college will also have the opportunity to listen to his seminar. The seminar of Professor Roth will be held at the Lecture Hall of the Hungarian Academy of Sciences on the 6th of September from 6 p.m. Those interested in the event may find more information on the Facebook page. Due to Professor Roth’s visit the student of the College will translate his book, Who gets what and why which was published in 2015 and the Hungarian translation will be in print by January 2017.

Baksa Máté, Aron James Miszlivetz

Last modified: 2018.11.30.