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...
Podcast: Game Changer - the game theory podcast
Erschienen: 14.02.2023
Dauer: 24:35
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 for the optimal bid strategy under maximum uncertainty is in theory. He explains how his findings apply to the real life and which additional related topics he is currently working on. Bernhard Kasberger currently works as a Postdoc at the Düsseldorf Institute for Competition Economics (DICE) at the Heinrich Heine University Düsseldorf. His research is focused on auctions, market design, industrial organization and game theory. The research Bernhard presents in the interview is detailed in this paper.
Weitere Informationen und umfangreichere Shownotes gibt es ggf. auf der Podcast-Website.
Podcast-Website: Episode "Auctions, bidding strategies and uncertainty | with Bernhard Kasberger"
