Feb 28, 2023

In this episode, Vitali Gretschko sheds some light on a fundamental game theoretic concept: Commitment. He explains why commitment is a crucial prerequisite of auctions and introduces different ways of generating commitment.

We also explore how commitment is linked to the concept of information and discuss auction...

Feb 14, 2023

From selling on eBay over Google advertisements to buying a house, auctions are all around us! But what makes it so difficult to find the right bidding strategy? In this episode Bernhard Kasberger sheds some light on what a so called first price auction is, why it is challenging to "bid correctly" and what the recipe...