Last Minute Bidding and Second-Price Auctions on eBay
EBay uses a second price auction, in which the highest bidder wins the object, but pays a price equal to a modest increment above the second highest bid. This online auction interface allows a bidder to submit a reservation price, and to use proxy to bid for him at this price. This means a bidder […]
Search Algorithms and Popular News
https://www.theverge.com/2017/10/6/16434832/youtube-alters-search-algorithms-misinformation-las-vegas-shooting In this article, YouTube is under fire for prioritizing a video with false information on a recent shooting in its search algorithm. The tragic shooting on the first of this month in Las Vegas had many on the internet looking for information on the situation and the shooter. Unfortunately, when someone typed “Las Vegas […]
Will Changes to NAFTA policy backfire in terms of incentives?
http://www.politico.com/agenda/story/2017/10/13/nafta-auto-rules-of-origin-china-000549 Politico editorial board makes the argument that if President Trump increases the number of cars required to be produced in the US, this will backfire at the end and force automakers to produce overseas. The current trade policy reforms that the Trump administration is considering to change is centered around “rules of origin”, which […]
Google’s Intersection between Popularity and Validity in Ranking News Articles
Recently Google came under fire because it displayed a false news story about the Las Vegas shooting at the top of a search about Las Vegas under its “Top stories” category. The story was a page from 4chan which claimed that the wrong person was responsible for the shooting. Google claimed that it displayed this […]
The Decline of PageRank
RIP Google PageRank score: A retrospective on how it ruined the web Goggle, the worlds biggest and most famous search engine, needed to find a way to evaluate the importance of the pages it lists. Thus the concept of PageRank was applied. PageRank is a method used by google to determine the value of […]
Page links for Search Engines
The internet has invariably become a crucial element for any type of research for any individual. When in need of an answer, the first place most people think to search is now the internet, not an encyclopedia or someone in their personal network that would have the answer. With the accessibility of information online, many […]
Confusion in Ad Auction Type Harms Buyers
In this article, the author discusses how many companies that sell ads don’t provide much information about the auction. Many of these companies do not even disclose what type of auction the buyers are bidding in. Without any indication of what type of auction they are involved in, ad buyers have little indication on how […]
Google’s Search Bias and Fake News
As fake news has become an ever-increasing problem in our society, many people have started to put some of the blame on organizations such as Facebook and Google for allowing the fake news to be available to a wider audience. For instance, Google’s autocomplete function often offers suggestions tied to fake news stories, and its […]
Traffic Equilibrium in the Real World
http://www.nytimes.com/1990/12/25/health/what-if-they-closed-42d-street-and-nobody-noticed.html This article from The New York Times investigates the closing of 42nd Street in New York City on Earth Day, 1990. At the time, this road was extremely congested, and most people unsurprisingly thought that its closing would create a doomsday scenario on alternate routes. However, the opposite effect occurred, and the traffic flow […]
Programmatic Advertising
Programmatic advertising refers to the practice of using software to purchase digital advertisements. Supply side platforms such as OpenX, Rubicon Project and Index Exchange are all organizations working to automate the ad purchase process. Currently, the majority of these types of platforms operate using a second price auction format. In a second price auction, the […]
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