Advanced Topics in Computer Science 2. Networks, Crowds and Markets. Fall,

Size: px
Start display at page:

Download "Advanced Topics in Computer Science 2. Networks, Crowds and Markets. Fall,"

Transcription

1 Advanced Topics in Computer Science 2 Networks, Crowds and Markets Fall, Prof. Klara Kedem klara@cs.bgu.ac.il Office 110/37 Office hours by appointment

2 The textbook Chapters from the book of Jon Kleinberg and David Easley : Networks, Crowds and Markets: Reasoning about a Highly Connected World The chapters will be 1-3,5,6,8-10, 12-15

3 Course requirements Attendance is obligatory Each student will give a 1 hour lecture, or 2 students will work on a chapter. The power point presentation will be presented to me at least 5 days before presented in class There will be an in-class quiz at the end of the semester The grade will consist of: 10 points the quiz, 75 the talk and 15 attendance (5 points will be taken off for each unjustified class missing).

4 Chapter 1 - Overview The connectedness of modern society Networks social, information, economics, finances Links, web pages, blogs Behavior and dynamics, interconnectivity Working with massive network datasets Theory involved: graph theory, game theory, Strategic interaction on networks.

5 Chapter 2 Graphs (notice that the book is for wide audience, for CS no need to go into graph theory only in connection with ideas we ll be talking on later, e.g., networks, giant components etc.) Some graph terms and algorithms Small world phenomenon Giant components Large network datasets Leave time to ask and discuss in class the exercises with answers

6 Chapter 3 - Strong and weak ties How information flows through a social network, how different nodes can play structurally distinct roles in this process Triadic closure if 2 people on the net have a common friend then there is high likelihood that they will become friends in the future The strength of weak ties why will get more leads to job interviews from weak acquaintances than from your very close friends? Tie strength and network structure in large-scale data - weak ties serve to link together different tightly-knit communities Tie strength, social media, and passive engagement (on Facebook) closure, structural holes, and social capital Betweenness measures Exercises

7 Chapter 5 Positive and negative relationships The last bullet here is a long and somewhat hairier sub section, so either I give it in 1.5 meetings and 2-3 students or skip it altogether. Without the exercises. The structural balance for networks friends and enemies balance (as in like and dislike) The balance theorem and its proof Applications of structural balance Weaker Structural balance (with the proof) Extending the balance idea to (a) non cliques (general networks), (b) approximately balanced networks

8 Chapter 6 Games Connectedness of the network and behavior of individuals. Definitions and examples. What is a game, underlying assumptions, common knowledge of the game analyzing a game for 2 Strictly dominant strategy and rational game playing Definitions : best response, strict best response, dominant strategy and strcitly dominant strategy Nash equilibrium-we should expect players to use strategies that are best responses to each other (equilibrium of beliefs). Emphasize this definition in all the examples Multiple equilibria

9 Chapter 6 Games (continued) Randomization, equilibrium with mixed strategies (lots of examples) Finding all Nash equilibria of a two-player two-strategy game Pareto optimality and social optimality definitions Exercises

10 Chapter 8 Modeling network traffic using game theory Traffic at equilibrium Braess s paradox (adding network capacity may slow traffic) The social cost of traffic at equilibrium (up to and without A and afterward)

11 Chapter 9 Auctions Types of auctions, and what in this chapter Second price auctions - bidding your true value used in ebay and in keyword based ads - formulated as a game. Truthful bidding in second-price auctions. Truthfulness is a dominant strategy First-price auctions and all-pay auctions Common values and the winner s curse Bidding strategies in first-price and all-pay auctions: models of bidder behaviour that derive equilibrium bidding strategies. Equilibrium with two bidders

12 Chapter 9 Auctions (continued) Equilibrium with many bidders (stop before General Distribution) Seller revenue (stop before Revenue Equivalence) Present in class 2 exercises from 9.8, from questions 1-10 (a) and (b), discuss and solve

13 Chapter 10 Matching markets Markets are a prime example of network-structured interaction between many agents, buyers and sellers. Matching markets is one of several models of interactions among market participants. Bipartite graphs and perfect matchings (binary preference) Optimal assignments when value is assigned to preference (centralized assignment) Prices and the market-clearing property (market assignment) Constructing a set of market-clearing prices How does this relate to single-item auctions? 2 exercises with discussion and solution after discussion

14 Chapter 12 Bargaining and power in networks Power in social networks power as a property of the relation between two individuals, network exchange. Examples The Nash bargaining solution The ultimatum game Stable and balanced outcomes (do not do 12.9) 2 exercises with discussion and solution after discussion

15 Chapter 13 The structure of the web The Web, information networks, hypertext, associative memory. Other information networks. The notion of associative memory (V. Bush) and the Memex. History and evolution of the Web. Navigational and transactional links. The Web as a directed graph (only on navigational links), SCC (strongly connected components). The bow-tie structure of the web, giant SCC The important ideas behind the Web 2.0. Designers of web sites today need to think not just about organizing information but also about the social feedback effects inherent in maintaining an audience of millions of users who might interact with the site and/or among themselves

16 Chapter 14 Link analysis and Web search Find a needle in a hay stack vs. Link analysis and answering searches by using hubs (send links out to multuple pages) and authorities (pages linked to by others). PageRank, a problem of rank slow leak and its solution scaled PageRank update rule Random walks on the Web graph and the probability of ending up in page X (it is equal to its PageRank!!) How link analysis is applied in modern search engines Combining also text and usage data Improving one s PageRank and the game theoretics principle Omit , discuss some exercises and solve with class

17 Chapter 15 Sponsored search markets (if there is time for this chapter then subsections should be given before 15) Advertising tied to search behaviour Paying per click, setting prices through auctions, second-price auction Advertising as a matching market - assigning ad slots (buyers) to advertisers (buyers) Encouraging truthful bidding : the VCG principle Truth telling as a dominant strategy (!!!!) The generalized second-price auction Equilibria of the above and constructing the bids (price per click) Ad quality (this subsection 15.7 finishes the talk) Few exercises

Networks: Spring 2010 Homework 3 David Easley and Jon Kleinberg Due February 26, 2010

Networks: Spring 2010 Homework 3 David Easley and Jon Kleinberg Due February 26, 2010 Networks: Spring 2010 Homework 3 David Easley and Jon Kleinberg Due February 26, 2010 As noted on the course home page, homework solutions must be submitted by upload to the CMS site, at https://cms.csuglab.cornell.edu/.

More information

Bidding for Sponsored Link Advertisements at Internet

Bidding for Sponsored Link Advertisements at Internet Bidding for Sponsored Link Advertisements at Internet Search Engines Benjamin Edelman Portions with Michael Ostrovsky and Michael Schwarz Industrial Organization Student Seminar September 2006 Project

More information

Bargaining and Power in Networks

Bargaining and Power in Networks Chapter 12 Bargaining and Power in Networks In our analysis of economic transactions on networks, particularly the model in Chapter 11, we considered how a node s position in a network affects its power

More information

Chapter 13 Outline. Challenge: Intel and AMD s Advertising Strategies. An Overview of Game Theory. An Overview of Game Theory

Chapter 13 Outline. Challenge: Intel and AMD s Advertising Strategies. An Overview of Game Theory. An Overview of Game Theory Chapter 13 Game Theory A camper awakens to the growl of a hungry bear and sees his friend putting on a pair of running shoes. You can t outrun a bear, scoffs the camper. His friend coolly replies, I don

More information

CMSC 474, Introduction to Game Theory Analyzing Normal-Form Games

CMSC 474, Introduction to Game Theory Analyzing Normal-Form Games CMSC 474, Introduction to Game Theory Analyzing Normal-Form Games Mohammad T. Hajiaghayi University of Maryland Some Comments about Normal-Form Games Only two kinds of strategies in the normal-form game

More information

Auction Theory An Intrroduction into Mechanism Design. Dirk Bergemann

Auction Theory An Intrroduction into Mechanism Design. Dirk Bergemann Auction Theory An Intrroduction into Mechanism Design Dirk Bergemann Mechanism Design game theory: take the rules as given, analyze outcomes mechanism design: what kind of rules should be employed abstract

More information

Game theory (Sections )

Game theory (Sections ) Game theory (Sections 17.5-17.6) Game theory Game theory deals with systems of interacting agents where the outcome for an agent depends on the actions of all the other agents Applied in sociology, politics,

More information

Lecture 3: Incentive Compatibility, Revenue of the Vickrey auction, Sponsored Search

Lecture 3: Incentive Compatibility, Revenue of the Vickrey auction, Sponsored Search Lecture 3: Incentive Compatibility, Revenue of the Vickrey auction, Sponsored Search (Last lecture) Lemma: An auction satisfies incentive compatibility if and only if it is threshold based. We proved necessity

More information

Price of anarchy in auctions & the smoothness framework. Faidra Monachou Algorithmic Game Theory 2016 CoReLab, NTUA

Price of anarchy in auctions & the smoothness framework. Faidra Monachou Algorithmic Game Theory 2016 CoReLab, NTUA Price of anarchy in auctions & the smoothness framework Faidra Monachou Algorithmic Game Theory 2016 CoReLab, NTUA Introduction: The price of anarchy in auctions COMPLETE INFORMATION GAMES Example: Chicken

More information

Best-response functions, best-response curves. Strategic substitutes, strategic complements. Quantity competition, price competition

Best-response functions, best-response curves. Strategic substitutes, strategic complements. Quantity competition, price competition Strategic Competition: An overview The economics of industry studying activities within an industry. Basic concepts from game theory Competition in the short run Best-response functions, best-response

More information

MOT Seminar. John Musacchio 4/16/09

MOT Seminar. John Musacchio 4/16/09 Game Theory MOT Seminar John Musacchio johnm@soe.ucsc.edu 4/16/09 1 Who am I? John Musacchio Assistant Professor in ISTM Joined January 2005 PhD from Berkeley in Electrical l Engineering i Research Interests

More information

Efficiency and Robustness of Binary Online Feedback Mechanisms in Trading Environments with Moral Hazard

Efficiency and Robustness of Binary Online Feedback Mechanisms in Trading Environments with Moral Hazard Efficiency and Robustness of Binary Online Feedback Mechanisms in Trading Environments with Moral Hazard Chris Dellarocas MIT Sloan School of Management dell@mit.edu Introduction and Motivation Outline

More information

BUS 168 Chapter 6 - E-commerce Marketing Concepts: Social, Mobile, Local

BUS 168 Chapter 6 - E-commerce Marketing Concepts: Social, Mobile, Local Consumers Online: The Internet Audience and Consumer Behavior Around 84% of U.S. adults use the Internet in 2015 Intensity and scope of use both increasing Some demographic groups have much higher percentages

More information

Who s Here Today? B2B Social Media: Why?

Who s Here Today? B2B Social Media: Why? Who s Here Today? Agenda B2B Social Media Going Beyond LinkedIn B2B: Why Use Social Media? Best Practices Facebook LinkedIn Twitter Analytics B2B Social Media: Why? B2B Social Media: Why? B2B Social Media:

More information

Applied Welfare Economics

Applied Welfare Economics Economics Monika Köppl - Turyna Department of Economics ISCTE-IUL Summer 2014/2015 Introduction We will have lectures and problem solving sessions (usually one per two lectures) Attendance is generally

More information

Strategic Ignorance in the Second-Price Auction

Strategic Ignorance in the Second-Price Auction Strategic Ignorance in the Second-Price Auction David McAdams September 23, 20 Abstract Suppose bidders may publicly choose not to learn their values prior to a second-price auction with costly bidding.

More information

Behavioural Industrial Organization. Response by Vernon Smith. Introductory example: the first market experiment 3/16/2010. Sotiris Georganas.

Behavioural Industrial Organization. Response by Vernon Smith. Introductory example: the first market experiment 3/16/2010. Sotiris Georganas. price Behavioural Industrial Organization Supply Sotiris Georganas p* Demand Introductory example: the first market experiment Chamberlin (JPE, 1948)conducted bilateral trading experiments with his graduate

More information

Competitive Markets. Jeffrey Ely. January 13, This work is licensed under the Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.

Competitive Markets. Jeffrey Ely. January 13, This work is licensed under the Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License. January 13, 2010 This work is licensed under the Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License. Profit Maximizing Auctions Last time we saw that a profit maximizing seller will choose

More information

Note on webpage about sequential ascending auctions

Note on webpage about sequential ascending auctions Econ 805 Advanced Micro Theory I Dan Quint Fall 2007 Lecture 20 Nov 13 2007 Second problem set due next Tuesday SCHEDULING STUDENT PRESENTATIONS Note on webpage about sequential ascending auctions Everything

More information

MANAGERIAL ECONOMICS THEORY, APPLICATIONS, AND CASES EIGHTH EDITION. W.Bruce Allen The Wharton School University of Pennsylvania

MANAGERIAL ECONOMICS THEORY, APPLICATIONS, AND CASES EIGHTH EDITION. W.Bruce Allen The Wharton School University of Pennsylvania MANAGERIAL ECONOMICS THEORY, APPLICATIONS, AND CASES EIGHTH EDITION W.Bruce Allen The Wharton School University of Pennsylvania Neil A. Doherty The Wharton School University of Pennsylvania Keith Weigelt

More information

A Note on over- and underbidding in Vickrey auctions: Do we need a new theory?

A Note on over- and underbidding in Vickrey auctions: Do we need a new theory? A Note on over- and underbidding in Vickrey auctions: Do we need a new theory? Stefan Seifert Stefan Strecker University of Karlsruhe Department of Economics and Business Engineering Information Management

More information

Chapter 9: Static Games and Cournot Competition

Chapter 9: Static Games and Cournot Competition Chapter 9: Static Games and Cournot Competition Learning Objectives: Students should learn to:. The student will understand the ideas of strategic interdependence and reasoning strategically and be able

More information

~ONE OF A KIND~ Nintendo NES System ~FEW EYES HAVE SEEN Project system SO RARE you MUST HAVE IT

~ONE OF A KIND~ Nintendo NES System ~FEW EYES HAVE SEEN Project system SO RARE you MUST HAVE IT home pay register sign out services site map Start new search Search Advanced Search Back to list of items Listed in category: Video Games > Systems ~ONE OF A KIND~ Nintendo NES System ~FEW EYES HAVE SEEN

More information

Making Marketing Smarter with Analytics

Making Marketing Smarter with Analytics Making Marketing Smarter with Analytics Prof. Francisco N. de los Reyes Analytics Advisor Thakral One Measurement and Data Science University of the Philippines School of Statistics Big Data Demographics

More information

The Relevance of a Choice of Auction Format in a Competitive Environment

The Relevance of a Choice of Auction Format in a Competitive Environment Review of Economic Studies (2006) 73, 961 981 0034-6527/06/00370961$02.00 The Relevance of a Choice of Auction Format in a Competitive Environment MATTHEW O. JACKSON California Institute of Technology

More information

VALUE OF SHARING DATA

VALUE OF SHARING DATA VALUE OF SHARING DATA PATRICK HUMMEL* FEBRUARY 12, 2018 Abstract. This paper analyzes whether advertisers would be better off using data that would enable them to target users more accurately if the only

More information

Incentives in Crowdsourcing: A Game-theoretic Approach

Incentives in Crowdsourcing: A Game-theoretic Approach Incentives in Crowdsourcing: A Game-theoretic Approach ARPITA GHOSH Cornell University NIPS 2013 Workshop on Crowdsourcing: Theory, Algorithms, and Applications Incentives in Crowdsourcing: A Game-theoretic

More information

Social media and behaviour change: planning and doing

Social media and behaviour change: planning and doing Social media and behaviour change: planning and doing Max St John Head of Non-Profit and Public Sector @maxwellinever Page 1 Social media and behaviour change Page 2 Social media and behaviour change Not

More information

Robust Multi-unit Auction Protocol against False-name Bids

Robust Multi-unit Auction Protocol against False-name Bids 17th International Joint Conference on Artificial Intelligence (IJCAI-2001) Robust Multi-unit Auction Protocol against False-name Bids Makoto Yokoo, Yuko Sakurai, and Shigeo Matsubara NTT Communication

More information

Reserve Price Auctions for Heterogeneous Spectrum Sharing

Reserve Price Auctions for Heterogeneous Spectrum Sharing Reserve Price Auctions for Heterogeneous Spectrum Sharing 1 Mehrdad Khaledi and Alhussein A. Abouzeid Department of Electrical, Computer and Systems Engineering Rensselaer Polytechnic Institute Troy, NY

More information

KeNIC AUCTION PLATFORM QUICK GUIDE

KeNIC AUCTION PLATFORM QUICK GUIDE KeNIC AUCTION PLATFORM QUICK GUIDE Introduction As part of second level domains (SLD) roll out and as per the SLD policy, premium domains are to be auctioned during landrush period which runs for 30 days.

More information

HABIT 2: Know and Love Quality Score

HABIT 2: Know and Love Quality Score HABIT 2: Know and Love Quality Score IMPROVING QUALITY SCORE: THE VALUE OF BEING MORE RELEVANT RAISING QUALITY SCORE TO INCREASE EXPOSURE, LOWER COSTS, AND GENERATE MORE CONVERSIONS WHY SHOULD YOU CARE

More information

ECON 230-D2-002 Version 2. MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.

ECON 230-D2-002 Version 2. MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. ECON 230-D2-002 Version 2 Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The two largest auto manufacturers, Toyota and GM, have experimented

More information

Module 36 MARKETING PLAN TEMPLATE

Module 36 MARKETING PLAN TEMPLATE Module 36 MARKETING PLAN TEMPLATE 2014, Integrative 2016Nutrition, Integrative Inc. Nutrition, Inc. 2 MARKETING PLAN TEMPLATE A marketing plan is a step-by-step guide for success. Use the following pages

More information

Copywriting 101 Workbook

Copywriting 101 Workbook Copywriting 101 Workbook Complete this workbook for your Module 7 assignment & earn your Copywriting badge 1 Assignment Instructions & Requirements In this assignment, you will use your own business or

More information

Competition and Fraud in Online Advertising Markets

Competition and Fraud in Online Advertising Markets Competition and Fraud in Online Advertising Markets Bob Mungamuru 1 and Stephen Weis 2 1 Stanford University, Stanford, CA, USA 94305 2 Google Inc., Mountain View, CA, USA 94043 Abstract. An economic model

More information

Quality Score that Makes You Invest

Quality Score that Makes You Invest Quality Score that Makes You Invest Zsolt Katona Assistant Professor of Marketing Haas School of Business University of California Berkeley zskatona@haas.berkeley.edu Yi Zhu Ph.D. candidate Marshall School

More information

Competitive Analysis of Incentive Compatible On-line Auctions

Competitive Analysis of Incentive Compatible On-line Auctions Competitive Analysis of Incentive Compatible On-line Auctions Ron Lavi and Noam Nisan Theoretical Computer Science, 310 (2004) 159-180 Presented by Xi LI Apr 2006 COMP670O HKUST Outline The On-line Auction

More information

Digital Marketing Nanodegree Syllabus

Digital Marketing Nanodegree Syllabus Digital Marketing Nanodegree Syllabus Course 1: Marketing Fundamentals 2 Course 2: Content Strategy 3 Course 3: Social Media Marketing (Organic) 3 Course 4: Social Media Advertising (Paid) 4 Course 5:

More information

THE ULTIMATE BRANDING EXPERIENCE PROGRAM AGENDA

THE ULTIMATE BRANDING EXPERIENCE PROGRAM AGENDA THE ULTIMATE BRANDING EXPERIENCE PROGRAM AGENDA A PERSONAL MESSAGE FROM TANYA Looking to Make 2016 a BREAKTHROUGH year? Are you a Home Business Entrepreneur, Coach, Author, Speaker or Aspiring Online Entrepreneur

More information

Exam #2 (100 Points Total)

Exam #2 (100 Points Total) Exam #2 (100 Points Total) Take the exam during an uninterrupted period of no more than 3 hours. (It should not take that long.) The space provided below each question should be sufficient for your answer,

More information

Reserves Prices in Internet Advertising Auctions

Reserves Prices in Internet Advertising Auctions Reserves Prices in Internet Advertising Auctions Michael Ostrovsky and Michael Schwarz (2009) Chutima Tontarawongsa Department of Economics Duke University Market Design I: Auction Theory, Fall 2010 Chutima

More information

CPET 581 E-Commerce & Business Technologies

CPET 581 E-Commerce & Business Technologies CPET 581 E-Commerce & Business Technologies Technologies for E-Commerce Marketing References: Chapter 6. E-Commerce Marketing Concepts: Social, Mobile, Local, from the text book: e-commerce: Business,

More information

Tradable Pollution Permits

Tradable Pollution Permits Tradable Pollution Permits More Realistic Interventions to Solve Externality Problem Efficient Tax requires a lot of knowledge that government needs to have. Assigning property rights is not enough when

More information

Lecture 2: Your Idea and the Business Opportunity

Lecture 2: Your Idea and the Business Opportunity Lecture 2: Your Idea and the Business Opportunity Office of the Vice President for Research Technology Commercialization Partners Also with permission from: Babson College 1 I have an idea/invention -

More information

MANAGERIAL ECONOMICS SIXTH EDITION

MANAGERIAL ECONOMICS SIXTH EDITION MANAGERIAL ECONOMICS SIXTH EDITION William F. Samuelson Boston University Stephen G. Marks Boston University WILEY JOHN WILEY & SONS, INC. Contents CHAPTER 1 Introduction to Economic Decision Making 1

More information

Auction Theory: an Introduction

Auction Theory: an Introduction Auction Theory: an Introduction Dongmo Zhang Intelligent Systems Lab University of Western Sydney Australia Thematic Trimester on Game Theory @ IRIT, France 6 July 2015 Objectives of the tutorial An auction

More information

Professor Jan Hanousek CERGE-EI Charles University Academy of Sciences Politickych veznu 7 P.O.Box Prague Czech Republic

Professor Jan Hanousek CERGE-EI Charles University Academy of Sciences Politickych veznu 7 P.O.Box Prague Czech Republic HU WiWi, Mikroökonomische Theorie 10099 Berlin Professor Jan Hanousek CERGE-EI Charles University Academy of Sciences Politickych veznu 7 P.O.Box 882 111 21 Prague Czech Republic Faculty of Economics Chair

More information

Exam #2 (100 Points Total) Answer Key

Exam #2 (100 Points Total) Answer Key Exam #2 (100 Points Total) Answer Key 1. A Pareto efficient outcome may not be good, but a Pareto inefficient outcome is in some meaningful sense bad. (a) (5 points) Give an example or otherwise explain,

More information

Course Information Introduction to Economics I (ECON 1001)

Course Information Introduction to Economics I (ECON 1001) Course Information Introduction to Economics I (ECON 1001) Course Code ECON 1001 Course Title Course Discipline Introduction to Economics I Economics Units of Credit Three (3) Pre-requisites None Semester

More information

CASE STUDY HOW LIFTIGNITER HELPED RANKER INCREASE RELATED CONTENT CLICKS BY 50% liftigniter

CASE STUDY HOW LIFTIGNITER HELPED RANKER INCREASE RELATED CONTENT CLICKS BY 50% liftigniter CASE STUDY HOW LIFTIGNITER HELPED RANKER INCREASE RELATED CONTENT CLICKS BY 50% OVERNIGHT! @lliftigniter liftigniter W W W. L I F T I G N I G T E R. C O M RANKER: THE KINGS OF RANKING Infatuated with lists,

More information

Predicting Yelp Ratings From Business and User Characteristics

Predicting Yelp Ratings From Business and User Characteristics Predicting Yelp Ratings From Business and User Characteristics Jeff Han Justin Kuang Derek Lim Stanford University jeffhan@stanford.edu kuangj@stanford.edu limderek@stanford.edu I. Abstract With online

More information

Mechanism Design on Trust Networks

Mechanism Design on Trust Networks Mechanism Design on Trust Networks Arpita Ghosh 1, Mohammad Mahdian 1, Daniel M. Reeves 1, David M. Pennock 1, and Ryan Fugger 2 1 Yahoo! Research. Email: {arpita,mahdian,dreeves,pennockd}@yahoo-inc.com

More information

An Evaluation of the Proposed Procurement Auction for the Purchase of Medicare Equipment: Experimental Tests of the Auction Architecture 1

An Evaluation of the Proposed Procurement Auction for the Purchase of Medicare Equipment: Experimental Tests of the Auction Architecture 1 An Evaluation of the Proposed Procurement Auction for the Purchase of Medicare Equipment: Experimental Tests of the Auction Architecture 1 Caroline Kim, Brian Merlob, Kathryn Peters, Charles R. Plott,

More information

Social Media Is More Than a Popularity Contest

Social Media Is More Than a Popularity Contest Capturing Attention, Building Relationships, and Making Sales in a Digital World Social media doesn t sell cars is still a common perception in the automotive industry. The truth? It doesn t, directly

More information

Report D3.4, June The Winner s Curse in Discriminatory and Uniform Price Auctions under Varying Competition Levels

Report D3.4, June The Winner s Curse in Discriminatory and Uniform Price Auctions under Varying Competition Levels Report D3.4, June 2017 The Winner s Curse in Discriminatory and Uniform Price Auctions under Varying Competition Levels Report D3.4, June 2017 Experimental investigation of auction designs Authors: Marie-Christin

More information

Optimizing Online Auction Bidding Strategies Using Genetic Programming

Optimizing Online Auction Bidding Strategies Using Genetic Programming Optimizing Online Auction Bidding Strategies Using Genetic Programming Ekaterina Smorodkina December 8, 2003 Abstract The research presented in this paper is concerned with creating optimal bidding strategies

More information

MARKETING BENCHMARKS 7,000+ from. Businesses

MARKETING BENCHMARKS 7,000+ from. Businesses MARKETING BENCHMARKS from 7,000+ Businesses Good inbound marketing takes work, but how much more work will it take to tip the scale? If I increase my blogging frequency from once a month to twice a week,

More information

2017 Gallery Survey Roundup. Photo by Benjamin Westoby for Artsy.

2017 Gallery Survey Roundup. Photo by Benjamin Westoby for Artsy. 2017 Gallery Survey Roundup I N S I G H T S O N T H E S TAT E O F T H E O N L I N E A R T M A R K E T Photo by Benjamin Westoby for Artsy. What s Covered INTRODUCTION Forward Methodology Key Takeaways

More information

BARGAINING VS. POSTED PRICES: AN ANALYSIS USING THE EBAY AUTOMOBILE MARKET

BARGAINING VS. POSTED PRICES: AN ANALYSIS USING THE EBAY AUTOMOBILE MARKET BARGAINING VS. POSTED PRICES: AN ANALYSIS USING THE EBAY AUTOMOBILE MARKET By KRITEE GUJRAL A DISSERTATION PRESENTED TO THE GRADUATE SCHOOL OF THE UNIVERSITY OF FLORIDA IN PARTIAL FULFILLMENT OF THE REQUIREMENTS

More information

Buy-It-Now or Snipe on ebay?

Buy-It-Now or Snipe on ebay? Association for Information Systems AIS Electronic Library (AISeL) ICIS 2003 Proceedings International Conference on Information Systems (ICIS) December 2003 Buy-It-Now or Snipe on ebay? Ilke Onur Kerem

More information

Silvia Rossi. Auctions. Lezione n. Corso di Laurea: Informatica. Insegnamento: Sistemi multi-agente. A.A.

Silvia Rossi. Auctions. Lezione n. Corso di Laurea: Informatica. Insegnamento: Sistemi multi-agente.   A.A. Silvia Rossi Auctions Lezione n. 16 Corso di Laurea: Informatica Insegnamento: Sistemi multi-agente Email: silrossi@unina.it A.A. 2014-2015 Reaching Agreements - Auctions (W: 7.2, 9.2.1 MAS: 11.1) 2 Any

More information

5 Market Games For Teaching Economics

5 Market Games For Teaching Economics 5 Market Games For Teaching Economics Progression 5 Market Games from website economics-games.com To be played separately or as a sequence: Market Game 1: Sunk costs, monopoly, and introduction to the

More information

Secrets of Advanced SOCIAL MEDIA Advertising

Secrets of Advanced SOCIAL MEDIA Advertising Secrets of Advanced SOCIAL MEDIA Advertising How to take your social media program to the next level. PRESENTED BY: MICHAEL REYNOLDS Michael Reynolds About Michael: President / CEO of SpinWeb Cellist Sushi

More information

Sponsored Search Auctions: An Overview of Research with emphasis on Game Theoretic Aspects

Sponsored Search Auctions: An Overview of Research with emphasis on Game Theoretic Aspects Sponsored Search Auctions: An Overview of Research with emphasis on Game Theoretic Aspects Patrick Maillé Evangelos Markakis Maurizio Naldi George D. Stamoulis Bruno Tuffin July 26, 2011 Abstract We provide

More information

Social Media Manager Job Description: a Complete Guide

Social Media Manager Job Description: a Complete Guide - Social Media Manager Job Description: a Complete Guide Duties, responsibilities and qualifications required to succeed in today's digital marketing environment - Social Media Manager Job Description:

More information

First-Price Path Auctions

First-Price Path Auctions First-Price Path Auctions Nicole Immorlica MIT CS&AI Laboratory Cambridge, MA 2139 nickle@csail.mit.edu Evdokia Nikolova MIT CS&AI Laboratory Cambridge, MA 2139 enikolova@csail.mit.edu David Karger MIT

More information

The Robust Price of Anarchy of Altruistic Games

The Robust Price of Anarchy of Altruistic Games The Robust Price of Anarchy of Altruistic Games Po-An Chen 1, Bart de Keijzer 2, David Kempe 1, and Guido Schäfer 2,3 1 Department of Computer Science, University of Southern California, USA, {poanchen,

More information

Valuation Uncertainty and Imperfect Introspection in Second-Price Auctions

Valuation Uncertainty and Imperfect Introspection in Second-Price Auctions Valuation Uncertainty and Imperfect Introspection in Second-Price Auctions Abstract In auction theory, agents are typically presumed to have perfect knowledge of their valuations. In practice, though,

More information

X Mechanism Design for Mixed Ads

X Mechanism Design for Mixed Ads X Mechanism Design for Mixed Ads Yoram Bachrach, Microsoft Research Sofia Ceppi, Microsoft Research Ian A. Kash, Microsoft Research Peter Key, Microsoft Research Mohammad Reza Khani, University of Maryland

More information

TOP 10 Tools To Build Your Business Online. by JupiterTechs

TOP 10 Tools To Build Your Business Online. by JupiterTechs 1. Hootsuite - Social Media Broadcasting TOP 10 Tools To Build Your Business Online by JupiterTechs Maintaining a strong internet presence with social media is critical to most businesses. Hootsuite makes

More information

An Algorithm for Multi-Unit Combinatorial Auctions

An Algorithm for Multi-Unit Combinatorial Auctions From: AAAI-00 Proceedings Copyright 2000, AAAI (wwwaaaiorg) All rights reserved An Algorithm for Multi-Unit Combinatorial Auctions Kevin Leyton-Brown and Yoav Shoham and Moshe Tennenholtz Computer Science

More information

2016 Influencer Marketing Benchmarks. An annual analysis of performance benchmarks for the influencer marketing and branded content categories

2016 Influencer Marketing Benchmarks. An annual analysis of performance benchmarks for the influencer marketing and branded content categories 2016 Influencer Marketing Benchmarks An annual analysis of performance benchmarks for the influencer marketing and branded content categories Report Contents I. Introduction II. Data and Metrics III. Key

More information

Modules. Module 2. Module 1. Pages Pages Compensation & the Direct Delivery Activity Report. The Basics of Avon Online.

Modules. Module 2. Module 1. Pages Pages Compensation & the Direct Delivery Activity Report. The Basics of Avon Online. 1 Modules 2 Module 1 Pages 1-35 The Basics of Avon Online How Avon Online Works How Representatives Benefit from Avon Online Avon Online Compensation Representative Eligibility How to Register The Representative

More information

Marketing in Real Time. The Changing Face of SERPs: Organic Click Through Rate

Marketing in Real Time. The Changing Face of SERPs: Organic Click Through Rate Marketing in Real Time The Changing Face of SERPs: Organic Click Through Rate The Changing Face of SERPs: Organic Click Through Rate Table of Contents: 3 Executive Summary 4 Research Methodology and Constraints

More information

Modeling of competition in revenue management Petr Fiala 1

Modeling of competition in revenue management Petr Fiala 1 Modeling of competition in revenue management Petr Fiala 1 Abstract. Revenue management (RM) is the art and science of predicting consumer behavior and optimizing price and product availability to maximize

More information

Some network flow problems in urban road networks. Michael Zhang Civil and Environmental Engineering University of California Davis

Some network flow problems in urban road networks. Michael Zhang Civil and Environmental Engineering University of California Davis Some network flow problems in urban road networks Michael Zhang Civil and Environmental Engineering University of California Davis Outline of Lecture Transportation modes, and some basic statistics Characteristics

More information

The Lee Kong Chian School of Business Academic Year 2016/17 Term 2

The Lee Kong Chian School of Business Academic Year 2016/17 Term 2 The Lee Kong Chian School of Business Academic Year 206/7 Term 2 MKTG 0 MARKETING Instructor Name : Michelle Lee Title : Associate Professor of Marketing (Education) Tel : 6828 039 Email : michlee@smu.edu.sg

More information

Facebook by Ad Objective

Facebook by Ad Objective Supplemental Document 1 Facebook by Ad Objective Learn how Facebook, as a paid media channel, will benefit your dealership. Facebook has emerged as a powerful tool for connecting auto dealerships to consumers,

More information

Incentive-Compatible Escrow Mechanisms

Incentive-Compatible Escrow Mechanisms Incentive-Compatible Escrow Mechanisms Jens Witkowski Department of Computer Sence Albert-Ludwigs-Universität Freiburg, Germany witkowsk@informatik.uni-freiburg.de Sven Seuken School of Eng. & Applied

More information

Admedo RTB Information Pack.

Admedo RTB Information Pack. WELCOME TO ADMEDO Admedo RTB Information Pack www.admedo.com hi@admedo.com 2014 Why Admedo? YOU VE GOT THIS! The #1 Self-Serve Real Time Bidding Platform Admedo is a self-serve performance Display, Mobile

More information

Refer to Chapter 4, Subsection for information on Guidance/Counseling during service delivery.

Refer to Chapter 4, Subsection for information on Guidance/Counseling during service delivery. LRS Part 408 CHAPTER 4, TECHNICAL ASSISTANCE & GUIDANCE MANUAL Name Effective Date Vocational Guidance and Counseling for Career Planning October 26, 2010 Authorization *Federal Register, Volume 66, Department

More information

Efficient Mechanisms for Level-k Bilateral Trading

Efficient Mechanisms for Level-k Bilateral Trading Efficient Mechanisms for Level-k Bilateral Trading Vincent P. Crawford University of Oxford, All Souls College, and University of California, San Diego Thanks to many, many people for very helpful discussions

More information

When discussing the role of change, we must consider certain factors.

When discussing the role of change, we must consider certain factors. MODULE 1 TASKS o Read Module Overview o Read Chapters 1 and 2 o Discussion Board Post (discussing the role of organizational communication) o Sign up for article reports o ACT Exercise #1 Communicating

More information

PRICE OF ANARCHY: QUANTIFYING THE INEFFICIENCY OF EQUILIBRIA. Zongxu Mu

PRICE OF ANARCHY: QUANTIFYING THE INEFFICIENCY OF EQUILIBRIA. Zongxu Mu PRICE OF ANARCHY: QUANTIFYING THE INEFFICIENCY OF EQUILIBRIA Zongxu Mu The Invisible Hand Equilibria and Efficiency Central to free market economics The Wealth of Nations (Smith, 1776) led by an invisible

More information

Social Media Marketing

Social Media Marketing Social Media Marketing Group Activity What is Social Media List what social media means to you In a personal context In a business context If you were to define social media, would your definition vary

More information

Paid placements on search engines reached sales of nearly $11 billion in the United States last year and

Paid placements on search engines reached sales of nearly $11 billion in the United States last year and Vol. 29, No. 2, March April 200, pp. 99 25 issn 0732-2399 eissn 526-548X 0 2902 099 informs doi 0.287/mksc.090.057 200 INFORMS The Race for Sponsored Links: Bidding Patterns for Search Advertising Zsolt

More information

The Guide for Buyers of Market Research.

The Guide for Buyers of Market Research. The Guide for Buyers of Market Research www.greenbook.org The Directory is the guide for buyers of market research. The Directory is where thousands of buyers are searching for you. GreenBook.org attracts

More information

Market Design: Theory and Applications

Market Design: Theory and Applications Market Design: Theory and Applications ebay and Amazon Instructor: Itay Fainmesser Fall 2010 1 Timing of transactions and their impact on markets I We ve discussed unraveling. And we noticed that transactions

More information

FACEBOOK GUIDE HOW TO USE FACEBOOK FOR RECRUITMENT MARKETING

FACEBOOK GUIDE HOW TO USE FACEBOOK FOR RECRUITMENT MARKETING FACEBOOK GUIDE HOW TO USE FACEBOOK FOR RECRUITMENT MARKETING 01 01 CONTENTS INTRODUCTION 2 WHAT IS A FACEBOOK PAGE? 3 WHY DO EMPLOYERS USE FACEBOOK? 4 FACEBOOK STRATEGY 5 GETTING STARTED 6 THE BASICS 8

More information

How companies are marketing online: A McKinsey Global Survey

How companies are marketing online: A McKinsey Global Survey How companies are marketing online: A McKinsey Global Survey Jean-François Martin A McKinsey global survey of marketers shows that companies are using digital tools from Web sites to wikis most extensively

More information

David Schuchman Princeton Technology Advisors LLC PrincetonTechAdvisors.com

David Schuchman Princeton Technology Advisors LLC PrincetonTechAdvisors.com David Schuchman Princeton Technology Advisors LLC 609.454.6010 PrincetonTechAdvisors.com John Biancamano LLC 609.865.7994 InboundDigital.net About Us David: Information Technology Consultant - Princeton

More information

Two-sided platforms and airports

Two-sided platforms and airports Two-sided platforms and airports Ref Code: [insert here] Date of issue: 18 August 21 Discussion paper An introduction to the concept of two-sided platforms, their application to airports and some potential

More information

Priceline: Name your own price!! Shrutivandana Sharma. EECS 547 (Electronic Commerce): Winter 2008 University of Michigan, Ann Arbor

Priceline: Name your own price!! Shrutivandana Sharma. EECS 547 (Electronic Commerce): Winter 2008 University of Michigan, Ann Arbor Priceline: Name your own price!! by Shrutivandana Sharma EECS 547 (Electronic Commerce): Winter 2008 University of Michigan, Ann Arbor Outline Introduction Name Your Own Price mechanism Analysis Conclusion

More information

7 Easy Ways To Monetize Your Content

7 Easy Ways To Monetize Your Content 7 Easy Ways To Monetize Your Content 1 You work hard on your website. Your content, whether you write blog posts, create videos, make podcasts, etc., has value. People love it. But yet, you re pretty bummed

More information

New Developments in Auction Theory & Practice. Jonathan Levin Cowles Lunch, March 2011

New Developments in Auction Theory & Practice. Jonathan Levin Cowles Lunch, March 2011 New Developments in Auction Theory & Practice Jonathan Levin Cowles Lunch, March 2011 Introduction Developments in auction theory and practice Rapid expansion in theory and practice of multi item auctions,

More information

Marketing COURSE NUMBER: 22:630:615 COURSE TITLE: Digital Marketing

Marketing COURSE NUMBER: 22:630:615 COURSE TITLE: Digital Marketing Marketing COURSE NUMBER: 22:630:615 COURSE TITLE: Digital Marketing COURSE DESCRIPTION This course will explore the exciting and ever changing world of online marketing. Students will not only learn the

More information

This paper analyzes how the presence of organic listing as a competing information source affects advertisers

This paper analyzes how the presence of organic listing as a competing information source affects advertisers Information Systems Research Vol., No. 4, December 01, pp. 184 10 ISSN 1047-7047 (print) ISSN 156-556 (online) http://dx.doi.org/10.187/isre.110.045 01 INFORMS Effects of the Presence of Organic Listing

More information

B6230 SERVICES MARKETING Faculty of Business Administration Memorial University of Newfoundland

B6230 SERVICES MARKETING Faculty of Business Administration Memorial University of Newfoundland B6230 SERVICES MARKETING Faculty of Business Administration Memorial University of Newfoundland COURSE INFORMATION AND SCHEDULE Fall Semester 2007 9:00 AM Monday/Wednesday, Room B2015 Instructor: Office:

More information

Are you Capitalizing on the New Automotive Shopper Journey?

Are you Capitalizing on the New Automotive Shopper Journey? Are you Capitalizing on the New Automotive Shopper Journey? 1 Executive Summary In 2015, the U.S. auto market set a sales record of just under 17.5 million vehicles, according to PwC. While the size of

More information