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RE: Nobel 2020 Prize in Economics: Auctions theory and avoiding the winner's curse.

in LeoFinance4 years ago

Interesting! Thanks for sharing this summary of the latest Nobel Prize in economics. I am wondering if Simultaneous Multiple-Round auctions have been implemented anywhere in the crypto-sphere. A quick search didn't turn up any examples aside from the SMR frequency spectrum auctions.

Did you know Alfred Nobel created the prize because he felt guilty about inventing dynamite (which was later weaponized)? The Peace prize was the primary focus.

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I haven't seen SMR auctions in the crypto-sphere, but, with NFTs growing in popularity, then I think there might be some uses for SMRs. I did know about the Nobel Peace Prize and dynamite. Fascinating story.

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