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Auctions, bidding strategies and uncertainty | with Bernhard Kasberger

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Manage episode 355297143 series 3344349
Kandungan disediakan oleh TWS Partners. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh TWS Partners atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

From selling on eBay over Google advertisements to buying a house, auctions are all around us! But what makes it so difficult to find the right bidding strategy? In this episode Bernhard Kasberger sheds some light on what a so called first price auction is, why it is challenging to "bid correctly" and what the recipe for the optimal bid strategy under maximum uncertainty is in theory. He explains how his findings apply to the real life and which additional related topics he is currently working on.

Bernhard Kasberger currently works as a Postdoc at the Düsseldorf Institute for Competition Economics (DICE) at the Heinrich Heine University Düsseldorf. His research is focused on auctions, market design, industrial organization and game theory.

The research Bernhard presents in the interview is detailed in this paper.

  continue reading

89 episod

Artwork
iconKongsi
 
Manage episode 355297143 series 3344349
Kandungan disediakan oleh TWS Partners. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh TWS Partners atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

From selling on eBay over Google advertisements to buying a house, auctions are all around us! But what makes it so difficult to find the right bidding strategy? In this episode Bernhard Kasberger sheds some light on what a so called first price auction is, why it is challenging to "bid correctly" and what the recipe for the optimal bid strategy under maximum uncertainty is in theory. He explains how his findings apply to the real life and which additional related topics he is currently working on.

Bernhard Kasberger currently works as a Postdoc at the Düsseldorf Institute for Competition Economics (DICE) at the Heinrich Heine University Düsseldorf. His research is focused on auctions, market design, industrial organization and game theory.

The research Bernhard presents in the interview is detailed in this paper.

  continue reading

89 episod

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