Going Once, Going Twice: Auctions (Part 1)
Linear Digressions
English - January 22, 2016 03:40 - 12 minutes - 17.4 MB - ★★★★★ - 350 ratingsTechnology data science machine learning linear digressions Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Chernoff Faces and Minard Maps
Next Episode: Sold! Auctions (Part 2)
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
http://www.benedelman.org/publications/gsp-060801.pdf