![More or Less: Behind the Stats artwork](https://is1-ssl.mzstatic.com/image/thumb/Podcasts113/v4/26/cf/32/26cf3245-4f2f-bfde-8117-2e08b9e98ab0/mza_3048031617250188411.jpg/100x100bb.jpg)
Auction Theory - Paul Milgrom and Robert Wilson
More or Less: Behind the Stats
English - October 17, 2020 18:00 - 8 minutes - 8.21 MB - ★★★★★ - 740 ratingsNews Education Science Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: A short history of probability
Next Episode: US election: facts or fiction
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.