Revolutionizing Auctions – Live-Bidding Property Auction App
Tech company Gavl is looking for investors to help their new auctioning app take off. Gavl has developed an app that allows people to view auctions via livestreams and place and see bids in real-time. The idea for the app came about by Leith Donaldson; he was frustrated with the current system of property auctions […]
Auctions: Ask and You Shall Receive?
This article talks about the psychology behind auctions, the way in which a seller can initiate an auction to maximize his/her profit. In the previous problem sets from this class, there have been an example where a seller can place a reserve price r on the item that he/she is selling, allowing them to sell […]
Apple Encryption Game Theory
After the 2015 San Bernardino attack, the FBI wanted Apple’s help in unlocking the attacker’s iPhone so that they can proceed with their investigation. However, Apple refused to do so, fearing that creating a backdoor into one encrypted iPhone would lead to abuse of the technology and possibly the invasion of privacy for everyone who […]