Can anyone explain it to a layperson? Stochastic gaming sounds pretty ominous to me.

http://www.guardian.co.uk/business/2012/oct/15/nobel-economics-prize

It is commonly known as a solution to the stable marriage problem, and is an algorithm that can take a population of people and match them all to a suitable marriage candidate.

It involves a series of rounds – in the first, a man "proposes" to his ideal woman. The pair are then provisionally matched, with all other proposals rejected.

In the next round each remaining unpaired man proposes to his favoured woman (excluding the one he has already proposed to, regardless of whether she is already matched). Each woman then replies "maybe" to her favoured suitor – allowing her to swap to a more suitable/desirable partner.

The process continues until everyone is matched in a favourable relationship.

freewheeling here, a mathematical echo of reality that indicates short
term likely outcomes. In stocks it indicates short term direction.

Hey, told you it was off the top of my head.

It's an award given out by Swedish banksters and has nothing to do with Alfred Nobel. It is the cynical use of Nobel's name by the PTB to peddle BS.

I clicked on this thread to say just that.

I still wonder that Paul Krugman managed to snag one. Someone must have been dozing at the switch.