Showing posts with label book. Show all posts
Showing posts with label book. Show all posts

Saturday, January 13, 2024

The Everything Token. By Steve Kaczynski and Scott Duke Kominers

 Here's a look into a possible future of the web (but it's still available in hardcover):

The Everything Token.  HOW NFTS AND WEB3 WILL TRANSFORM THE WAY WE BUY, SELL, AND CREATE.  By Steve Kaczynski and Scott Duke Kominers

"A Harvard Business School professor and a16z crypto research partner and a career marketer and Web3 entrepreneur demystify the coming digital revolution, showing how NFTs will transform our online and offline interactions."

“NFTs were a mystery to me. Thanks to this book, both the economics of NFTs and how businesses can use them are now in sharp focus and no longer mysterious. It helps, too, that the book was so much fun to read!”

— Paul Milgrom, Shirley and Leonard Ely Professor of Humanities and Sciences at Stanford University and Nobel Laureate in Economics"


“You can’t ask for savvier or more enthusiastic guides to the potential of NFTs than Kaczynski and Kominers.”
— Alvin E. Roth, Craig and Susan McCaw Professor of Economics at Stanford University and Nobel Laureate in Economics

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Earlier: 

Sunday, November 12, 2023

Misunderstandings: False Beliefs in Communication by Georg Weizsäcker

 Georg Weizsäcker  has a new book, just out from Open Book Publishers. You can read online or download it for free, or purchase a printed copy.

Misunderstandings: False Beliefs in Communication, by Georg Weizsäcker 

"What do we expect when we say something to someone, and what do they expect when they hear it? When is a conversation successful? The book considers a wide set of two-person conversations, and a bit of game theory, to show how conversational statements and their interpretations are governed by beliefs. Thinking about beliefs is suitable for communication analysis because beliefs are well-defined and measurable, allowing to differentiate between successful understandings and their less successful counterparts: misunderstandings.

"The book describes the theoretical framework and empirical measurements of misunderstandings – written by an economist, but in simple words and using interdisciplinary concepts. The material will benefit students and researchers of behavioural economics and its neighbouring fields, and anyone interested in human language."



Among the endorsements:

"The most Zen part of economics has to do with how people form beliefs about the beliefs of others. Georg Weizsäcker is a Zen master at explaining the origins of misunderstandings, particularly those arising from false beliefs about the beliefs of others.

Prof. Alvin E. Roth, Stanford University"

Sunday, February 26, 2023

Judd Kessler on Market Rules

 Judd Kessler is writing a book (that I'm looking forward to reading):



Sunday, November 27, 2022

Kreps II: Microeconomic Foundations II: Imperfect Competition, Information, and Strategic Interaction (coming soon)

 Princeton University Press announces:

Microeconomic Foundations II: Imperfect Competition, Information, and Strategic Interaction by David M. Kreps

"A cutting-edge introduction to key topics in modern economic theory for first-year graduate students in economics and related fields

"Volume II of Microeconomic Foundations introduces models and methods at the center of modern microeconomic theory. In this textbook, David Kreps, a leading economic theorist, emphasizes foundational material, concentrating on seminal work that provides perspective on how and why the theory developed. Because noncooperative game theory is the chief tool of modeling and analyzing microeconomic phenomena, the book stresses the applications of game theory to economics. And throughout, it underscores why theory is most useful when it supports rather than supplants economic intuition.

  • Introduces first-year graduate students to the models and methods at the core of microeconomic theory today
  • Covers an extensive range of topics, including the agency theory, market signaling, relational contracting, bilateral bargaining, auctions, matching markets, and mechanism design
  • Stresses the use—and misuse—of theory in studying economic phenomena and shows why theory should support, not replace, economic intuition
  • Includes extensive appendices reviewing the essential concepts of noncooperative game theory, with guidance about how it should and shouldn’t be used
  • Features free online supplements, including chapter outlines and overviews, solutions to all the problems in the book, and more

By email, Kreps writes: "An e-book version will be released on January 3, 2023.  Physical books will only be released in late May (I gather, a bit later in England)"

Thursday, August 26, 2021

The Limits of the Markets - Commodification of Nature and Body, reviewed in OEconomia

 The journal OEconomia has a review of the book 

Élodie Bertrand, Marie-Xavière Catto and Alicia-Dorothy Mornington (eds), Les limites du marché - La marchandisation de la nature et du corps / The Limits of the Markets - Commodification of Nature and Body, Paris: Mare & Martin, 2020, 320 pages

(From the publisher's page:

"How to limit the market, when its progressive ex tension is now gaining fields which until recently escaped it, such as the body and nature? This question is at the heart of Commodification Studies, studies that focus on the ethical, moral or social problems posed by certain particular markets (surrogacy, organs, environmental services, etc.). Can we escape certain forms of commodification when technical advances have allowed new “objects” to circulate?")


Here is the (16 page) review in OEconomia:

Christian Bessy, “Addressing Moral Concerns Raised by the Market”, Œconomia [Online], 11-2 | 2021, oeconomia/10975 ; DOI: https://doi.org/10.4000/oeconomia.10975

It opens as follows:

"This collective work, which brings together some fifteen contributions, is the result of study days whose main purpose was to debate the commodification of the body and of nature, by crossing disciplinary (philosophy, law, economics) and cultural (Anglo-Saxon and continental) perspectives. Its main interest is to propose a sort of progress report on what is known as commodification studies, which developed in the English-speaking world in the 1980s, largely inspired by the book Contested Commodities by the jurist Margaret Jane Radin (1996). In particular, this stream of research was a reaction to the Law and Economics approach (the Chicago School), which championed the free market. An emblematic example is the article by Elizabeth Landes and Richard Posner (1978), in which they suggested introducing market incentives into the process of adopting new-born babies in order to deal with a baby shortage. The controversies surrounding the emergence of particular markets help to explain the issues involved in regulating these markets and the sometimes alternative solutions that are finally adopted but which may evolve, particularly as a result of globalization.

"Other economists have contributed to this reflection, such as Alvin Roth (2007) with his characterization of so-called “repugnant” or “toxic” markets.

"In France, the commodification studies movement has been developed by lawyers specializing in the law of nature (notably MarieAngèle Hermitte, 2016) and by sociologists who have introduced the notion of “contested markets”, in the sense of markets that provoke strong moral controversies. The book Marchés contestés - Quand le marché rencontre la morale (Contested Markets: When the Market Meets Morality), edited by Philippe Steiner and Marie Trespeuch (2014), is a reference, following on from Viviana Zelizer’s original research (1979) on the development of life insurance. The commodification studies movement must also be linked to philosophical reflections on what is a “good”, reflections explored in depth here by Emmanuel Picavet, with a contribution in which he raises the question of freedom and justice.

"It is precisely the intention of The Limits of the Market to start from the most debateable transactions in order to address more generally the relationship between ethics and economics. In so doing, the book deals with the place of law in these exchanges, or with the different conceptions of the legal human person underlying them."



Saturday, January 9, 2021

Prices and Decentralization Without Convexity: Milgrom's Arrow Lecture at Columbia (video)

 Columbia University Press posts a "video of Paul Milgrom's 2014 Kenneth J. Arrow Lecture that inspired Discovering Prices: Auction Design in Markets with Complex Constraints. Paul Milgrom discusses how prices can guide decentralized resource allocations in environments with non-convexities. His work on auctions led the Royal Swedish Academy of Sciences to award him and Robert Wilson the Nobel Memorial Prize in Economic Sciences for improvement to auction theory and invention of new auction formats."

Prices and Decentralization Without Convexity

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Related post:

Saturday, May 20, 2017