Vitali Gretschko

In this engaging discussion, Vitali Gretschko, a Professor for sustainable Market Design at the University of Münster, shares his insights on the role of generative AI in auctions. He explores how AI can simulate various bidder profiles to decode auction behavior, enhancing strategies while underscoring the necessity of expert guidance. Vitali also highlights the limitations of AI in predicting auction outcomes, particularly its challenge in accommodating bidders' private information. Join him as he navigates these intriguing dynamics of technology and human intelligence in markets.

Professor of economics and market design, Vitali Gretschko, explores the connection between markets and morals. Topics include the relevancy of social norms in market interactions, designing markets to increase moral behavior, the moral dilemma of trading vaccinations, the relationship between market prices and morality, and the role of markets in fostering moral behavior.