Forbes magazine has a profile of Al Roth and his work in game theory, experimental economics and market design:
Alvin Roth sees plenty of ways economics can make a difference in people’s lives. In contrast with the authors of bestselling books like Freakonomics, who are fascinated by obscure but intriguing questions like how to detect [...]
Entries Tagged as 'Markets'
Random Link: Al Roth and “Un-Freakonomics”
July 25th, 2010 · 2 Comments
Game Theory · Markets · Random Links
Tags: Game Theory · Markets · Random Links
How Does Online Instruction Compare To “Real” Education? Researchers Can Tell Us…
July 6th, 2010 · 2 Comments
Education · Markets
Apparently virtual instruction isn’t as much of an educational armageddon as some people seem to believe…researchers David Figlio, Mark Rush and Lu Yin performed an experiment at the university level and found very modest (and not always statistically significant) effects for in-person versus online instruction.
I am trying to be careful to not overgeneralize the results [...]
Just For Fun: I’m Pretty Sure This Is Not How Competitive Markets Work…
July 3rd, 2010 · 1 Comment
Econ 101 · Just For Fun · Markets
…and I’m kind of an expert, so I should know.
So one of the features of a competitive market is that companies can freely enter the market and compete with existing companies. This feature means that if one company is pricing an item higher than it needs to in order to stay in business and [...]
Tags: Econ 101 · Just For Fun · Markets
Just For Fun: I Get Writers’ Block (Again), You Get (More) Cartoons…
June 16th, 2010 · 4 Comments
Just For Fun · Markets
My friend Marty sent me this along with the note “I’m sure a thousand people sent you this today, but I figured I would pass it along nonetheless.” From Saturday Morning Breakfast Cereal:
Hmph. It’s funny because it’s true…no wait, it’s funny because I dare you to find me something that would legitimately qualify [...]
Tags: Just For Fun · Markets
Follow Up: New And Creative Pricing Strategies From Those Wacky Airlines…
May 24th, 2010 · 17 Comments
Buyer Beware · Econ 101 · Follow Ups · Markets
I wrote last week about the wonderful world of airline baggage fees. I even put a version of it up on the Huffington Post. Little did I know that I was going to get new information on how airlines like to make their pricing confusing.
Apparently in addition to adding in separate fees for [...]
Tags: Buyer Beware · Econ 101 · Follow Ups · Markets