Review
- 2025–2026 slides posted for reference.
Fall 2026 coming soon.
Lecture Notes (2025-2026)
Games
- Game schedule
- Game Results:
- to be posted after they are discussed in class
Readings
Winner's Curse
- in real estate
- in online auctions
- Start here: the 2020 Nobel in auction theory, explained
- Milgrom and Wilson in their own words
- in mergers: when the banks disagree about value
- in spectrum auctions: $44.9 billion in 2015, then re-auctioning what was defaulted on
- in the art market: a $236 million Klimt
- in crypto: what the record NFTs are worth now
- in the ads you see: Google’s switch from second price to first price and the bid shading it caused
Subtle Bidding Dangers
- Historical
- Modern
- Recent (Just the first part - Communications Breakdowns)
- Shill bidding:
- Bid rigging: the government’s own guide to spotting it
- More readings to come…