Auction theory

2. Utilities, Endowments, and Equilibrium

Financial Theory (ECON 251) This lecture explains what an economic model is, and why it allows for counterfactual reasoning and often yields paradoxical conclusions. Typically, equilibrium is defined as the solution to a system of simultaneous equations. The most important economic mode

From playlist Financial Theory with John Geanakoplos

24. Asymmetric information: auctions and the winner's curse

Game Theory (ECON 159) We discuss auctions. We first distinguish two extremes: common values and private values. We hold a common value auction in class and discover the winner's curse, the winner tends to overpay. We discuss why this occurs and how to avoid it: you should bid as if you k

From playlist Game Theory with Ben Polak

Unit 4 - competitive market equilibrium part 1

From playlist Courses and Series

11. Stocks

Financial Markets (ECON 252) The stock market is the information center for the corporate sector. It represents individuals' ownership in publicly-held corporations. Although corporations have a variety of stakeholders, the shareholders of a for-profit corporation are central since the

From playlist Financial Markets (2008) with Robert Shiller

Why Game Theory is Not About Competition

This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Game Theory is supposed to show how businesses (and prisoners) can outdo each other to win out

From playlist Case Studies

Mod-03 Lec-24 First Price Auction

Game Theory and Economics by Dr. Debarshi Das, Department of Humanities and Social Sciences, IIT Guwahati. For more details on NPTEL visit http://nptel.iitm.ac.in

From playlist IIT Guwahati: Game Theory and Economics | CosmoLearning.org Economics

Introduction to Homotopy Theory- PART 1: UNIVERSAL CONSTRUCTIONS

The goal of this series is to develop homotopy theory from a categorical perspective, alongside the theory of model categories. We do this with the hope of eventually developing stable homotopy theory, a personal goal a passion of mine. I'm going to follow nLab's notes, but I hope to add t

From playlist Introduction to Homotopy Theory

3. Computing Equilibrium

Financial Theory (ECON 251) Our understanding of the economy will be more tangible and vivid if we can in principle explain all the economic decisions of every agent in the economy. This lecture demonstrates, with two examples, how the theory lets us calculate equilibrium prices and all

From playlist Financial Theory with John Geanakoplos

Unit 4 - allocations part 1

From playlist Courses and Series

GORUCO 2015: Nadia Odunayo: Keynote Playing games in the clouds

@nodunayo What does haggling at a garage sale have to do with load balancing in distributed systems? How does bidding in an art auction relate to cloud service orchestration? Familiarity with the ideas and technologies involved in cloud computing is becoming ever more important for develop

From playlist GORUCO 2015

Algorithmic Game Theory: Two Vignettes

(March 11, 2009) Tim Roughgarden talks about algorithmic game theory and illustrates two of the main themes in the field via specific examples: performance guarantees for systems with autonomous users, illustrated by selfish routing in communication networks; and algorithmic mechanism desi

From playlist Engineering

Paradoxes of Equality - Ronald Dworkin (1982)

Ronald Dworkin gives a talk on equality and explores it in depth beginning with a discussion of some of the difficult issues in describing equality. This talk was given in 1982 at Queen's University in the Chancellor Dunning Trust Lecture series. 00:00 Intro Story 02:29 Lecture #Philosop

From playlist Social & Political Philosophy

Theoretical Computer Science and Economics - Tim Roughgarden

Lens of Computation on the Sciences - November 22, 2014 Theoretical Computer Science and Economics - Tim Roughgarden, Stanford University Theoretical computer science offers a number of tools to reason about economic problems in novel ways. For example, complexity theory sheds new light

From playlist Lens of Computation on the Sciences

RailsConf 2015 - Playing Games In The Clouds

By, Nadia Odunayo What does haggling at a garage sale have to do with load balancing in distributed systems? How does bidding in an art auction relate to cloud service orchestration? Familiarity with the ideas and technologies involved in cloud computing is becoming ever more important for

From playlist RailsConf 2015

Elias Koutsoupias: Game Theory 2/2 🎲 CERN

This lecture series will present the main directions of Algorithmic Game Theory, a new field that has emerged in the last two decades at the interface of Game Theory and Computer Science, because of the unprecedented growth in size, complexity, and impact of the Internet and the Web. These

From playlist CERN Academic Lectures

Foundations of Liberal Equality P2 - Ronald Dworkin (1988)

Ronald Dworkin gives the second Tanner lecture on the foundations of liberalism. 00:00 Talk 1:07:23 Q&A #Philosophy #Ethics #PoliticalPhilosophy

From playlist Social & Political Philosophy

Mod-03 Lec-22 Second Price Sealed Bid

Game Theory and Economics by Dr. Debarshi Das, Department of Humanities and Social Sciences, IIT Guwahati. For more details on NPTEL visit http://nptel.iitm.ac.in

From playlist IIT Guwahati: Game Theory and Economics | CosmoLearning.org Economics

Intractability in Algorithmic Game Theory - Tim Roughgarden

Tim Roughgarden Stanford University March 11, 2013 We discuss three areas of algorithmic game theory that have grappled with intractability. The first is the complexity of computing game-theoretic equilibria, like Nash equilibria. There is an urgent need for new ideas on this topic, to ena

From playlist Mathematics

Ngoc Mai Tran: Tropical solutions to hard problems in auction theory and neural networks, lecture I

Tropical mathematics is mathematics done in the min-plus (or max-plus) algebra. The power of tropical mathematics comes from two key ideas: (a) tropical objects are limits of classical ones, and (b) the geometry of tropical objects is polyhedral. In this course, I’ll demonstrate how these

From playlist Summer School on modern directions in discrete optimization

Unit 4 - social surplus part 1

From playlist Courses and Series