Lecture 23 - Asymmetric Information: Silence, Signaling and Suffering Education
Jun 8, 2018 - 01:10:36
Radio and PodcastLive Radio & PodcastsEducation
Lecture 24 - Asymmetric Information: Auctions and the Winner's Curse
We discuss auctions. We first distinguish two extremes: common values and private values. We hold a common value auction in class and discover the winner’s curse, the winner tends to overpay. We discuss why this occurs a...
About This Episode
Lecture 24 - Asymmetric Information: Auctions and the Winner's Curse is an episode from Yale Open Courses ECON 159: Game Theory by William Sheppard. We discuss auctions. We first distinguish two extremes: common values and private values. W...
Podcast
This episode belongs to Yale Open Courses ECON 159: Game Theory.
Listen Online
Use the player on this page to stream the episode online.
Episode Details
Published Jun 8, 2018, 01:02:28 long, audio available.
Related Episodes
Continue listening to more episodes from Yale Open Courses ECON 159: Game Theory.
Lecture 22 - Repeated Games: Cheating, Punishment, and Outsourcing
Jun 8, 2018 - 01:15:46
Lecture 21 - Repeated Games: Cooperation vs. the End Game
Jun 8, 2018 - 01:15:18
Lecture 20 - Subgame Perfect Equilibrium: Wars of Attrition
Jun 8, 2018 - 01:15:36
Lecture 19 - Subgame Perfect Equilibrium: Matchmaking and Strategic Investments
Jun 8, 2018 - 01:17:08
Lecture 18 - Imperfect Information: Information Sets and Sub-Game Perfection
Jun 8, 2018 - 01:15:57
Lecture 17 - Backward Induction: Ultimatums and Bargaining
Jun 8, 2018 - 01:10:44
Lecture 16 - Backward Induction: Reputation and Duels
Jun 8, 2018 - 01:15:40