More or Less: Behind the Stats

Auction Theory - Paul Milgrom and Robert Wilson

av More or Less: Behind the Stats | Publicerades 10/17/2020

Paul Milgrom and his former tutor Robert Wilson worked together for years developing ways to run complicated auctions for large resources. This month the two Stanford University professors were awarded the Nobel memorial prize in economics for their work. The auction formats they designed facilitated the sale of goods and services that are difficult to sell in a conventional way, such as radio frequencies.

Om Podcasten

Tim Harford and the More or Less team try to make sense of the statistics which surround us. From BBC Radio 4