Lecture 24
 - Asymmetric Information: Auctions and the Winner's Curse

Lecture 24 - Asymmetric Information: Auction...

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Lecture 23 - Asymmetric Information: Silence, Signaling and Suffering Education

We look at two settings with asymmetric information; one side of a game knows something that the other side does not. We should always interpret attempts to communicate or signal such information taking into account the incentives of the person doing the signaling. In the first s ...  Show more

Lecture 22 - Repeated Games: Cheating, Punishment, and Outsourcing

In business or personal relationships, promises and threats of good and bad behavior tomorrow may provide good incentives for good behavior today, but, to work, these promises and threats must be credible. In particular, they must come from equilibrium behavior tomorrow, and henc ...  Show more

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Texte:
Le poster d'un film de Mickey Mouse datant de 1928 a été vendu plus de 100 000 dollars lors d’une vente aux enchères au Texas.

Traduction:
A 1928 film poster of Mickey Mouse sells for more than $100,000 at an auction in Texas.

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