Much Too Good To Be True: Lotteries and the Complexity of Auctions

Abstract: We consider the problem of maximizing the revenue from selling a number of goods to a single buyer. In this talk we will focus on the need for randomization (which arises only when there are multiple goods), and on the "menu-size" as a measure of auction complexity which affects the revenue. (All the relevant concepts will be introduced in the talk.)

Lecturers: 
Sergui Hart
The Hebrew University of Jerusalem
Organizers: 
Sergui Hart
Location: 
Elath Hall, 2nd floor, Feldman Building, Edmond J. Safra Campus
Dates: 
Sunday, October 28, 2012 - 16:00 to 18:00