Going Once, Going Twice: Auctions (Part 1)

From Atari to ChatGPT: How AI Learned to Follow Instructions by Ben Jaffe and Katie Malone 

Today we are going to talk about the feature with the worst acronym in generative AI: RAG, or Retrieval Augmented Generation. If you've ever used something like "Chat with My Docs," if you have an internal AI chatbot that has access to your company's documents, or you've created ...  Show more

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 and how to avoid it: you should bid as if you knew that your ...  Show more

*AUDIO NOTE* - There was a small issue with the guests mic during this interview, but we wanted to make sure everyone was able to get the great information in this episode, and enjoy the great conversation that Ariel and James had, so we did the best we can with the audio. Tha ...

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.

The Abyssal Auction: Part Four

Following a tense exchange of money and merchandise, all heck has broken loose. Can the auction's bidders survive an assault from within -- and without?

Additional music in this episode: "Day I", "Day II", and "Night III" by Swelling ...