Podknife - Going Once, Going Twice: Auctions (Part 1) by Linear Digressions

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Going Once, Going Twice: Auctions (Part 1)

Podcast |: Linear Digressions
Publisher |: Ben Jaffe and Katie Malone
Media Type |: audio
Podknife tags |: Data Science,; Machine Learning,; Technology
Categories Via RSS |: Technology
Publication Date |: Jan 22, 2016
Episode Duration |: 00:12:39

The Google AdWords algorithm is (famously) an auction system for allocating a massive amount of online ad space in real time--with that fascinating use case in mind, this episode is part one in a two-part series all about auctions. We dive into the theory of auctions, and what makes a "good" auction. Relevant links: https://en.wikipedia.org/wiki/English_auction http://people.ischool.berkeley.edu/~hal/Papers/2006/position.pdf 060801.pdf">http://www.benedelman.org/publications/gsp-060801.pdf

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