Simultaneous Ascending Auctions for Wireless Spectrum
(Inspired by “Simultaneous Ascending Auctions” and “T-Mobile, Comcast, Dish win FCC wireless spectrum auction“.) Wireless spectrum—a slice of frequencies to be broadcast through the air—is the most critical part of any telecommunication company’s assets; without it, the company has no way to provide service to its customers. In the U.S., the Federal Communications Commission (FCC) […]
According to Game Theory, Society Benefits from Charging Your Friends to Borrow Things
There are many items used by society, like tents, that some individuals use so rarely that they only have a need for them once every few years. This makes it both undesirable and hard for many people to pay extensive amounts of money for items they will use so infrequently. Many people, instead of losing […]
Structural Balance in the Social Networks of Wild Animals
While structural balance in human social networks has been studied in a broad context, our knowledge about the structure and function of social bonds in animals is lacking. We have limited understanding of the mechanisms, which explain why certain animals aggregate in groups of different sizes, structures and stabilities. The paper I cited fills the […]
Ebay’s Automatic Bidding System
http://pages.ebay.com/help/buy/bidding-overview.html http://pages.ebay.com/help/buy/bid-increments.html In the first article, eBay explains how bidding works on its site and how the automatic bidding tool can help you avoid having to constantly come back to the site to raise your bid. eBay is a second price bidding site, so the highest bidder will only have to pay the next […]
Game Theory and the North Korea’s Nuclear Threat
Recently, threats emerged in the Korean Peninsula again. North Koreas conducted a test of a hydrogen bomb, which is the sixth nuclear test, on September 3rd. Moreover, North Koreas also launched two missiles separately on August 29th and September 15th. Both of these two missiles flew over Japan, and Japanese government were very angry about […]
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