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Cheap Talk - Econ and game theory from Jeff Ely and Sandeep Baliga

On pinball's downfall; draft Scrabble; strategies for choosing a seat; visiting our old friend, swoopo.com; and meatball theory: various and sundry economical, game theoretical, and miscellaneous morsels from the folks at Cheap Talk.
posted by cortex on Nov 18, 2009 - 53 comments

 

The Dollar Auction and Swoopo

An online auction site called Swoopo, once called TeleBid, has hit upon an ingenious way to make money. They are an auction site not entirely unlike Ebay - but using a different auction scheme. Where EBay uses a slightly modified Vickrey auction system, Swoopo uses an auction system based on the "Dollar Auction" game - with interesting results. [more inside]
posted by Zarkonnen on Oct 1, 2008 - 31 comments

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