6min chapter

80,000 Hours Podcast cover image

#48 - Brian Christian on better living through the wisdom of computer science

80,000 Hours Podcast

CHAPTER

What Is the Best Auction Strategy Under a Victory Auction?

The optimal strategy under victory auction is to just literally put down exactly what you think the asset is worth, and smse yo be willing to pay. If the rules of the game are optimizing for you now, there is no further optimization to be done byk strategically. Another example of computation kindness that really residents with me is if youre train a schedule with some one. Rather than say, oh, i'm free any time in the next month, like, what time would you like to meet? Lu we ill received anema, right. So this is an idea that comes out of net working. One of the issues in t c p ip is how do you create a robust communication

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