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Podcast: Nobel Prize Conversations
Episode: Christopher Pissarides: Nobel Prize Conversations
Description: "I was always interested in big problems, and when I see a big problem I say, 'Let’s try to solve it, let’s try to think of a solution!'" Meet Christopher Pissarides, a humble London School of Economics professor who finished his PhD in two years and was awarded the 2010 Prize in Economic Sciences. He and his co-laureates Peter Diamond and Dale Mortensen were awarded the prize for finding ways to incorporate real-world frictions into the mathematical models that describe market behaviour. Their Diamond-Mortensen-Pissarides (DMP) model is one of the most widely-used analytical tools for l...