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Category Archives: Economics
A Historical Picture Taken by Nimrod Megiddo
Last week I took a bus from Tel Aviv to Jerusalem and I saw (from behind) a person that I immediately recognized. It was Nimrod Megiddo, from IBM Almaden, one of the very first to relate game theory with complexity … Continue reading
Test Your Intuition (23): How Many Women?
How many women can you find on this poster announcing the 25th Jerusalem School in Economics Theory devoted to Matching and Market Design? Please respond to the poll:
Answer to Test Your Intuition (22)
Indeed, most people got it right! Bundling sometimes increases revenues, sometimes keeps revenues the same, and sometimes decreases revenues. In fact, this is an interesting issue which was the subject of recent research effort. So here are a few … Continue reading
Posted in Economics, Test your intuition
Tagged Auctions, Noam Nisan, Sergiu Hart, Test your intuition
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Test your intuition (22): Selling Two Items in a Bundle.
One item You have one item to sell and you need to post a price for it. There is a single potential buyer and the value of the item for the buyer is distributed according to a known probability distribution. It … Continue reading
Test Your Intuition (21): Auctions
You run a single-item sealed bid auction where you sell an old camera. There are three bidders and the value of the camera for each of them is described by a certain (known) random variable: With probability 0.9 the value … Continue reading
Posted in Economics, Games, Test your intuition
Tagged Auctions, Roger Myerson, Test your intuition
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Itai Ashlagi, Yashodhan Kanoria, and Jacob Leshno: What a Difference an Additional Man makes?
We are considering the stable marriage theorem. Suppose that there are n men and n women. If the preferences are random and men are proposing, what is the likely average women’s rank of their husbands, and what is the likely average … Continue reading
Ann Lehman’s Sculpture Based on Herb Scarf’s Maximal Lattice Free Convex Bodies
Maximal lattice-free convex bodies introduced by Herb Scarf and the related complex of maximal lattice free simplices (also known as the Scarf complex) are remarkable geometric constructions with deep connections to combinatorics, convex geometry, integer programming, game theory, fixed point computations, … Continue reading
Posted in Art, Computer Science and Optimization, Economics, Games
Tagged Ann Lehman, Herb Scarf
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Eyal Sulganik: Towards a Theory of “Mathematical Accounting”
The following post was kindly contributed by Eyal Sulganik from IDC (Interdiciplinary Center) Herzliya. Eyal was motivated by our poll on certainty “beyond a reasonable doubt,” which is related to several issues in accounting. Mathematicians, I believe, are always looking … Continue reading
Michael Schapira: Internet Routing, Distributed Computation, Game Dynamics and Mechanism Design II
This post is authored by Michael Schapira. (It is the second in a series of two posts.) In thse two post, I outline work on Internet routing and sketch important areas for future work, both on routing itself and, more broadly, on mechanism … Continue reading
Futures Trading as a Game of Luck
A recent interesting article by Ariel Rubinstein entitled “Digital Sodom” (in Hebrew) argues that certain forms of futures trading (and Internet sites where these forms of trading take place) are essentially gambling activities. The issue of “what is gambling” is very intereting. In an earlier … Continue reading
Posted in Economics, Games, Law
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