Joy Sera Bhattacharya

What’ve you enjoyed most about your area of study? Was there a particular discovery, new skill or way of thinking, or insight that you found especially valuable? Please share an example from your favorite class or experience.

Studying economics at MIT has been an eye-opening journey, teaching me to think critically about the world through mathematical modeling while acknowledging the limitations of such models. One standout class that exemplified this was 14.19, Market Design. In 14.19, we learned about various matching algorithms with applications ranging from student-school assignments to organ donor allocations. Despite their efficiency, we saw how these algorithms are vulnerable to manipulation.

What struck me most was the realization that even sophisticated algorithms are susceptible to exploitation and ethical dilemmas. We explored how dishonesty can undermine fairness and equity in algorithmic outcomes, highlighting the human element in economic mechanisms.

Moreover, discussions in 14.19 challenged me to confront ethical questions in market design, such as prioritizing allocation in organ donation. These debates underscored the need to integrate ethical considerations into economic decision-making, transcending the limitations of simple mathematical models.

Overall, 14.19 deepened my understanding of market design and underscored the important interactions between mathematical models, human behavior, and ethical principles. It reinforced the importance of cautious application and ethical reasoning to achieve equitable economic outcomes.

How does the knowledge from this field, or your interest in it, combine with your other major or minor studies at MIT?

Outside of economics, I am also really interested in Latin American culture, history, and politics. Understanding economics has helped me understand Latin American history, especially giving context to the various political movements shaping the continent over the past century.

For instance, during my MISTI-Chile experience, I had the opportunity to talk to Chileans and learn about the impact of the Chicago Boys. This group of economists played a significant role in shaping Chile’s economy during the Pinochet regime. Through conversations and observations, I witnessed the dynamic between economic theories and political movements, realizing how economic decisions can profoundly influence a nation’s path.

Chile’s experience is a compelling example of how economic policies can shape the trajectories of countries. It underscores the importance of recognizing the broader implications of economic decisions beyond mere numbers, impacting society, politics, and individual lives.

An MIT education includes study in the scientific, technical, social science, arts, and humanities fields. How do you think that wide range of knowledge and perspectives will be valuable to you – for your career success and for your enjoyment of life?

At MIT, I’ve delved into a diverse range of subjects, from computer science and economics to literature, history, and Spanish. This interdisciplinary education has broadened my understanding of the world and enhanced my ability to relate to others.

In STEM classes like computer science, math, and economics, I’ve honed my problem-solving skills and gained insights into the intricacies of human behavior through data analysis. These courses have equipped me with a strong analytical foundation that complements my humanities studies. In literature, history, and Spanish classes, I’ve explored diverse perspectives and narratives, deepening my empathy and cultural sensitivity. By engaging with different cultures and histories, I’ve developed a greater appreciation for the richness and complexity of human experiences.

Overall, this interdisciplinary approach has not only prepared me for a wide range of career paths but has also enriched my personal life by fostering empathy, curiosity, and cultural appreciation.

What are your plans for the future?

I plan to pursue my Masters of Engineering in 6-14 next year. After that, I’m considering going into industry or graduate school for economics.