CSAIL Event Calendar
Selling Two Objects (in Three Models)Speaker: Noam Nisan, Hebrew University and Microsoft Research Silicon Valley Date: Tuesday, February 5 2013 Time: 4:15PM to 5:15PM Refreshments: 3:45PM Location: 32-141 ; refreshments in G 5 lounge Host: Constantinos Daskalakis, MIT CSAIL Contact: Holly Jones, 617-253-6098, hjones01@mit.edu Relevant URL: file:///afs/csail.mit.edu/group/toc/www/data/theory-seminars/index.htmlAs more economic activity is done *by* computing systems or *for* computing systems, CS-ey points of view on economic questions become needed. This talk will demonstrate this using a very simple type of economic problem: A single seller wants to sell two items to one or two possible buyers. One would think that we would know how to do this optimally for most natural goals, and in most natural scenarios and models. Yet, this talk will present three basic scenarios for which while economic theory knows essentially everything about selling a single item, it knows very little when it comes to selling two. We will not be able to provide the "answers" in any of these cases either, but will be able to shed some light on the difficulties involved and obtain some interesting approximation results.
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