The generalized second-price auction (GSP) is a non-truthful auction mechanism for multiple items. Each bidder places a bid. The highest bidder gets the first slot, the second-highest, the second slot and so on, but the highest bidder pays the price bid by the second-highest bidder, the second-highest pays the price bid by the third-highest, and so on. First conceived as a natural extension of the Vickrey auction, it conserves some of the desirable properties of the Vickrey auction. It is used mainly in the context of keyword auctions, where sponsored search slots are sold on an auction basis. The first analyses of GSP are in the economics literature by Edelman, Ostrovsky, and Schwarz and by Varian. It is used by Google's AdWords technology, and it was employed by Facebook, which has now switched to Vickrey–Clarke–Groves auction. (Wikipedia).
The true second derivative test
In this video I present the second derivative test in multivariable calculus, which is used to find local maxima/minima/saddle points of a function. However, unlike the nonsense they usually teach in the books, here I'm presenting a more elegant way with some linear algebra blended in. I'm
From playlist Partial Derivatives
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
Second Order (Homogeneous) Differential Equations Introduction
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From playlist Differential Equations
Second Derivative of Vector-Valued Function Example 2
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From playlist Calculus
Second derivative test: two variables
Free ebook http://tinyurl.com/EngMathYT A lecture on the 2nd derivative test for multivariable calculus. The ideas are illustrated through examples. I also provide a proof of the 2nd derivative test.
From playlist Mathematics for Finance & Actuarial Studies 2
Second Derivative of Vector-Valued Function Example 1
Please Subscribe here, thank you!!! https://goo.gl/JQ8Nys Second Derivative of Vector-Valued Function Example 1
From playlist Calculus
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
Section (4.2) Second Derivatives and Graphs
Applied Calculus Section (4.2) Second Derivative and Graphs In this lecture the second derivative is defined as it relates to the first derivative and as it relates to the graph of the original function. The second derivative is used in graphical analysis to identify intervals of concavity
From playlist Applied Calculus
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
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
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
DoubleClick Ad Exchange: Connecting the World of Online Advertising
Google Tech Talk May 23, 2012 Google NYC Presented by Eyal Manor, Jacob Baskin, Nemo Semret, and Noam Wolf ABSTRACT When you see an ad on a website, where did it come from? The answer to that question might not be as simple as it sounds. Ads on the internet take a long, often roundabout
From playlist Google NYC Tech Talks
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
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
Michael Joswig: Generalized permutahedra and optimal auctions
We study a family of convex polytopes, called SIM-bodies, which were introduced by Giannakopoulos and Koutsoupias (2018) to analyze so-called Straight-Jacket Auctions. First, we show that the SIM-bodies belong to the class of generalized permutahedra. Second, we prove an optimality result
From playlist Workshop: Tropical geometry and the geometry of linear programming
"RM Models for Online Advertising and On-Demand Platforms" by Florin Ciocan - Session I
This mini-course focuses on revenue management applications in online advertising and on-demand platforms with time-sensitive customers that give rise to novel matching and queueing models. For example, online advertising platforms match impressions supply to advertiser demand, whereas on-
From playlist Thematic Program on Stochastic Modeling: A Focus on Pricing & Revenue Management
Beginners Guide to Second Derivative Test in Calculus - Chris Tisdell Live Stream
A beginner's guide to the second derivative test in mathematics using calculus. Here we look at the basic ideas including a few examples.
From playlist Calculus for Beginners
Second partial derivative test intuition
The second partial derivative test is based on a formula which seems to come out of nowhere. Here, you can see a little more intuition for why it looks the way it does.
From playlist Multivariable calculus
Cryptography and Preventing Collusion in Second Price (Vickery) Auctions - Michael Rabin
Michael Rabin Harvard University and Columbia University April 29, 2013 We present practically efficient methods for proving correctness of announced results of a computation while keeping input and intermediate values information theoretically secret. These methods are applied to solve th
From playlist Mathematics