Wednesday, August 19, 2009

Bob Aumann speaks in SA about game theory and market design

Bob Aumann has been lecturing in South Africa, and speaking about game theory as the foundation of market design, South Africa's Business Day reports: Game theory has a host of practical applications .

"Aumann thinks moving from game theory to game engineering will help us. Theory can be used to design practical interactive systems — the US auctions being a good example. But he says governments in particular must understand the power of incentives to drive economic and political actors, and work towards creating systems that get the best from them."

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