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November 7, 2017 03:01 am PST
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/its8NagShg8/great-video-primer-on-the-math.html
Great video primer on the mathematics of auctions
What's the difference between a tulip auction, an English auction, a sealed bid auction, and a Vickrey second-bid auction? Preston McAfee, Chief Economist at Microsoft explains auction types.
Bonus video: America's contribution to the English auction:
https://www.youtube.com/watch?v=Ea7gn8hhEFA
The Ideal Auction (YouTube / Numberphile)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/its8NagShg8/great-video-primer-on-the-math.html
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