The Nobel Prize in Economics was awarded to two Stanford professors for their work on auction theory. The discoveries focus on both “common” and “private” values in an auction, and help to explain bidder behavior (such as avoiding the “winner’s curse”).
The New Paper
This story is from the October 12, 2020 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.
