Optimizing Auction Design: Timing Decisions in the Case of Insufficient Data
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Individuals and governments often do not have as much time or experience as they would like when they need to make a decision. In this video, SARAH AUSTER explores the mechanism by which such decisions are made.
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Building a game theoretical model that draws on auction theory and decision theory, Auster’s work shows that certain forms of auction design favor the seller and that supplementary information provided to bidders can help to level the playing field.
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Auster’s continuing research on timing decisions will examine the role played by degrees of certainty around the “stopping payoff”.
This LT Publication is divided into the following chapters:
0:00 Question
1:54 Method
3:44 Findings
5:02 Relevance
6:20 Outlook
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Rather than referring to laws written and developed by the state, judges in Saudi Arabia largely rely on Islamic jurisprudence and the interpretation of sacred texts. In this video, DOMINIK KRELL explores how legal reform can occur in these circumstances.
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Different factors influence how households invest their savings. In this video, CHRISTIAN ZIMPELMANN explores the role that subjective beliefs about the stock market play in household investment decisions.
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Gathering data on stock holdings in the Netherl
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External stimuli are increasingly prevalent in the digital age, competing for our attention, urging us to action. In this video, MATTHIAS PELSTER explores the extent to which attention triggers (like push notifications) increase risk taking in financial mar