1. EachPod

How Much to Pay a Spy (and a lil' more auctions)

Author
[email protected] (Ben Jaffe and Katie Malone)
Published
Fri 29 Jan 2016
Episode Link
https://soundcloud.com/linear-digressions/how-much-to-pay-a-spy-and-a-lil-more-auctions

A few small encores on auction theory, and then--how can you value a piece of information before you know what it is? Decision theory has some pointers. Some highly relevant information if you are trying to figure out how much to pay a spy.

Relevant links:
https://tuecontheoryofnetworks.wordpress.com/2013/02/25/the-origin-of-the-dutch-auction/
http://www.nowozin.net/sebastian/blog/the-fair-price-to-pay-a-spy-an-introduction-to-the-value-of-information.html

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