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Algorithms
New findings from Brown University in the area of algorithms published
April 13th, 2008
"We analyze the generalized deferred-acceptance algorithm when preferences are known with an error," investigators in the United States report. "This algorithm incorporates personalized salaries and is considered as a replacement for the current algorithm for National Resident Matching Program (NRMP). Maintaining Bulow and Levin's (in Am Econ Rev 96(3):652-668, 2006) assumption on preferences, we show that an error in preferences of a worker propagates through the algorithm, leading to a change in the salary of every more productive worker," wrote G. Artemov and colleagues, Brown University. The researchers concluded: "Thus, relatively small...
Source: Pharma Investments, Ventures & Law Weekly (2008-04-13)
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