A lot of people are surprised economists are assisting with kidney exchanges. Exchanges are what economists are good at.
I don't think I could have thought of any place other than Stanford to leave Harvard for.
I've always been interested in using mathematics to make the world work better.
Market design is about understanding the details of markets in sufficient detail so that we can help fix them when they are broken.
Often people expect I have some touching personal story about kidney disease, but it's actually the mathematics that led me to it.
The simple model of a bridge is great, and you could not build a bridge without understanding it well. But if you're actually building the bridge, you need to know the site. A lot of economics is like that: When prices go up, demand is gonna go down. You can't forget that and run your economy. But it's not the only thing you need to know.
My opportunity to design school choice systems began in 2003 with a phone call from Jeremy Lack at the New York City Department of Education. He knew of my work on the medical match and wondered if similar efforts might help reorganize the dysfunctional, congested system then used to match students to high schools.
It turns out that a Nobel is also followed by other recognitions, and perhaps the most unexpected of these is that the Japan Karate Association in Tokyo has now made me an honorary 7th-degree black belt, something that, given my athletic abilities, is even more unimaginable than being an Economic Sciences Laureate.