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Title: The Bidding Game
Url: http://www.beyonddiscovery.org/content/view.article.asp?a=3681
Publisher: National Academies (U.S.)
Description: At a big auction, most people expect to see fine rugs, statues, and many other high profile items. In 1994, the Federal Communications Commission (FCC) began to auction off something a bit more abstract, yet just as important: a section of the electromagnetic spectrum for a new generation of cell phones, pagers, and other such devices. That particular auction is the starting point for this interesting article on the world of game theory created for the "Beyond Discovery" website. Offered as an educational resource, courtesy of the National Science Foundation, the article takes an interactive look into how game theory has been applied in a variety of settings, including auctions of all shapes and sizes. The article is divided into six thematic sections, including "The Rules of the Game" and "The Winner's Curse". Each section contains an explanation of a different aspect of game theory, written in lucid and jargon-free prose. At the bottom of each explanation, visitors are directed to other relevant online resources. Overall, it's a fine resource, and one that could be used in any number of courses, including economics, statistics, or finance.
LC Classification: Science -- Mathematics -- Algebra -- Game theory
Science -- Mathematics -- Mathematical statistics -- Study and teaching. Research
Social sciences -- Economic theory. Demography -- Economic theory. Demography -- Economic theory -- Study and teaching. Research
Social sciences -- Finance -- Banking -- Study and teaching. Research
GEM Subject: Mathematics -- Instructional issues
Social studies -- Economics
Mathematics -- Number theory
Key Concept: Mathematics -- Statistics
Resource Type: Mathematics Materials
Teaching Guides
Format: html
Audience: College/University Instructors
Higher Education
Secondary Education
Students
Teachers
Technical School First Cycle
Technical School Second Cycle
University First Cycle
University Second Cycle
Vocational Training
Language: English
Access Rights: Free access
Date Of Record Release: 2009-06-04 03:00:01 (W3C-DTF)
Date Last Modified: 2009-06-01 13:40:50 (W3C-DTF)
Source Type: Internet Scout
Source: Scout Archives  Scout Archives
Full Record Views: 45
Resource URL Clicks: 8
Cumulative Rating: NOT YET RATED
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