A Vickrey auction or sealed-bid second-price auction (SBSPA) is a type of sealed-bid auction. Bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins but the price paid is the second-highest bid. This type of auction is strategically similar to an English auction and gives bidders an incentive to bid their true value. The auction was first described academically by Columbia University professor William Vickrey in 1961 though it had been used by stamp collectors since 1893. In 1797 Johann Wolfgang von Goethe sold a manuscript using a sealed-bid, second-price auction. Vickrey's original paper mainly considered auctions where only a single, indivisible good is being sold. The terms Vickrey auction and second-price sealed-bid auction are, in this case only, equivalent and used interchangeably. In the case of multiple identical goods, the bidders submit inverse demand curves and pay the opportunity cost. Vickrey auctions are much studied in economic literature but uncommon in practice. Generalized variants of the Vickrey auction for multiunit auctions exist, such as the generalized second-price auction used in Google's and Yahoo!'s online advertisement programmes (not incentive compatible) and the Vickrey–Clarke–Groves auction (incentive compatible). (Wikipedia).
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
The Ideal Auction - Numberphile
Preston McAfee is the chief economist at Microsoft. More links & stuff in full description below ↓↓↓ Benford's Law: https://youtu.be/XXjlR2OK1kM Preston McAfee: http://www.mcafee.cc Animation by Pete McPartlan Numberphile is supported by the Mathematical Sciences Research Institute (M
From playlist Animations by Pete McPartlan
Mechanism Design - 1 by Y. Narahari
Program Summer Research Program on Dynamics of Complex Systems ORGANIZERS: Amit Apte, Soumitro Banerjee, Pranay Goel, Partha Guha, Neelima Gupte, Govindan Rangarajan and Somdatta Sinha DATE : 15 May 2019 to 12 July 2019 VENUE : Madhava hall for Summer School & Ramanujan hall f
From playlist Summer Research Program On Dynamics Of Complex Systems 2019
Bitcoin Trading - Relative Strength Index (RSI)
This video shows you how to add the RSI to python, so we can use RSI for backtesting. I cover a bunch of trading indicators in my channel, if you want to try something else check out: http://www.youtube.com/playlist?list=PLQVvvaa0QuDdOmhRb_AHkhHv7aBfHalhX As Bitcoin, and other cryptocurre
From playlist Bitcoin
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
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
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
Bidding Strategies for Display Advertising: How to Avoid Boiling the Ocean
Catherine Williams On a real-time bidding (RTB) exchange like AppNexus, the strategy for direct-response advertising is simple: predict the expected revenue of each available impression, then bid that value. As the universe of web pages seeking RTB ads has grown, though, obtaining enough
From playlist Wolfram Data Summit 2015
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
What are index options? What are currency options?
In todays video we will learn about options on foreign exchange and index options. These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/ Follow Patrick
From playlist Class 5 - Options Wrap Up
I have been a trader for over twenty years, and from the start of my hedge fund career working with Victor Niederhoffer I have taken a quantitative approach to researching and executing trading strategies. A quant trader is a trader that builds statistical models to test trading strategie
From playlist Top Ten Lists
Overview and Recent Results in Combinatorial Auctions - Matt Weinberg
Computer Science/Discrete Mathematics Seminar II Topic: Overview and Recent Results in Combinatorial Auctions Speaker: Matt Weinberg Affiliation: Princeton University Date: February 7, 2023 In this talk, I'll first give a broad overview of the history of combinatorial auctions within TCS
From playlist Mathematics
How To Build A Decentralized Crypto Exchange Operating On Ethereum | Session 25 | #ethereum
Don’t forget to subscribe! In this project series, we are going to build a decentralized crypto exchange, a website where we can deposit ether and tokens. You will learn how to withdraw tokens and also to develop, sell and buy orders, where we can trade the tokens for a price. A crypto e
From playlist Build A Decentralized Crypto Exchange
How To Build A Decentralized Crypto Exchange Operating On Ethereum | Session 13 | #ethereum
Don’t forget to subscribe! In this project series, we are going to build a decentralized crypto exchange, a website where we can deposit ether and tokens. You will learn how to withdraw tokens and also to develop, sell and buy orders, where we can trade the tokens for a price. A crypto e
From playlist Build A Decentralized Crypto Exchange
How To Build A Decentralized Crypto Exchange Operating On Ethereum | Session 20 | #ethereum
Don’t forget to subscribe! In this project series, we are going to build a decentralized crypto exchange, a website where we can deposit ether and tokens. You will learn how to withdraw tokens and also to develop, sell and buy orders, where we can trade the tokens for a price. A crypto e
From playlist Build A Decentralized Crypto Exchange
How To Build A Decentralized Crypto Exchange Operating On Ethereum | Session 21 | #ethereum
Don’t forget to subscribe! In this project series, we are going to build a decentralized crypto exchange, a website where we can deposit ether and tokens. You will learn how to withdraw tokens and also to develop, sell and buy orders, where we can trade the tokens for a price. A crypto e
From playlist Build A Decentralized Crypto Exchange
How To Build A Decentralized Crypto Exchange Operating On Ethereum | Session 02 | #ethereum
Don’t forget to subscribe! In this project series, we are going to build a decentralized crypto exchange, a website where we can deposit ether and tokens. You will learn how to withdraw tokens and also to develop, sell and buy orders, where we can trade the tokens for a price. A crypto e
From playlist Build A Decentralized Crypto Exchange
Provided to YouTube by Universal Music Group Mr. Jones · Counting Crows August And Everything After ℗ 1993 Geffen Records Released on: 1993-01-01 Producer: T-Bone Burnett Studio Personnel, Mixer: Scott Litt Composer Lyricist: Adam Duritz Composer Lyricist: Charlie Gillingham Compos
From playlist alt 90s rock