Author: James F. Dalton Publisher: John Wiley & Sons ISBN: 9781118044643 Category : Business & Economics Languages : en Pages : 224
Book Description
Markets in Profile explores the confluence of three disparate philosophical frameworks: the Market Profile, behavioral finance, and neuroeconomics in order to present a unified theory of how markets work. The Market Profile is an ever-evolving, multidimensional graphic that gives visual form to the market's continuing auction process, revealing the myriad underlying dynamics that influence market activity. Behavioral finance posits that investors are driven more by emotional factors and the subjective interpretation of minutia than by "rationality" when making investment decisions. And neuroeconomics is the study of how investor psychology permeates and affects the financial markets. Mr. Dalton explicates the ways in which irrational human behavior influences the market's natural auction process, creating frequently predictable market structure, which results in opportunities for investors to ameliorate risk. The book will improve investors ability to interpret change in markets, enabling better, more confident investment decisions.
Author: Gerhard Illing Publisher: MIT Press ISBN: 9780262263214 Category : Business & Economics Languages : en Pages : 332
Book Description
Leading experts in industrial organization and auction theory examine the recent European telecommunication license auction experience. In 2000 and 2001, several European countries carried out auctions for third generation technologies or universal mobile telephone services (UMTS) communication licenses. These "spectrum auctions" inaugurated yet another era in an industry that has already been transformed by a combination of staggering technological innovation and substantial regulatory change. Because of their spectacular but often puzzling outcomes, these spectrum auctions attracted enormous attention and invited new research on the interplay of auctions, industry dynamics, and regulation. This book collects essays on this topic by leading analysts of telecommunications and the European auction experience, all but one presented at a November 2001 CESifo conference; comments and responses are included as well, to preserve some of the controversy and atmosphere of give-and-take at the conference.The essays show the interconnectedness of two important and productive areas of modern economics, auction theory and industrial organization. Because spectrum auctions are embedded in a dynamic interaction of consumers, firms, legislation, and regulation, a multidimensional approach yields important insights. The first essays discuss strategies of stimulating new competition and the complex interplay of the political process, regulation, and competition. The later essays focus on specific spectrum auctions. Combining the empirical data these auctions provide with recent advances in microeconomic theory, they examine questions of auction design and efficiency and convincingly explain the enormous variation of revenues in different auctions.
Author: Guillaume Haeringer Publisher: MIT Press ISBN: 0262345099 Category : Business & Economics Languages : en Pages : 393
Book Description
A broad overview of market mechanisms, with an emphasis on the interplay between theory and real-life applications; examples range from eBay auctions to school choice. This book offers an introduction to market design, providing students with a broad overview of issues related to the design and analysis of market mechanisms. It defines a market as a demand and a supply, without specifying a price system or mechanism. This allows the text to analyze a broad set of situations—including such unconventional markets as college admissions and organ donation—and forces readers to pay attention to details that might otherwise be overlooked. Students often complain that microeconomics is too abstract and disconnected from reality; the study of market design shows how theory can help solve existing, real-life problems. The book focuses on the interplay between theory and applications. To keep the text as accessible as possible, special effort has been made to minimize formal description of the models while emphasizing the intuitive, with detailed explanations and resolution of examples. Appendixes offer general reviews of elements of game theory and mechanism design that are related to the themes explored in the book, presenting the basic concepts with as many explanations and illustrations as possible. The book covers topics including the basics of simple auctions; eBay auctions; Vickrey–Clarke–Groves auctions; keyword auctions, with examples from Google and Facebook; spectrum auctions; financial markets, with discussions of treasury auctions and IPOs; trading on the stock market; the basic matching model; medical match; assignment problems; probabilistic assignments; school choice; course allocation, with examples from Harvard and Wharton; and kidney exchange.
Author: Gregor Berz Publisher: Springer ISBN: 1137475420 Category : Business & Economics Languages : en Pages : 202
Book Description
This text bridges the gulf between theoretical economic principles of negotiation and auction theory and their multifaceted applications in actual practice. It is intended to be a supplement to the already existing literature, as a comprehensive collection of reports detailing experiences and results of very different negotiations and auctions.
Author: Frantisek Slanina Publisher: Oxford University Press, USA ISBN: 0199299684 Category : Business & Economics Languages : en Pages : 427
Book Description
This book is a course in methods and models rooted in physics and used in modelling economic and social phenomena. It covers the discipline of econophysics, which creates an interface between physics and economics. Besides the main theme, it touches on the theory of complex networks and simulations of social phenomena in general. After a brief historical introduction, the book starts with a list of basic empirical data and proceeds to thorough investigation of mathematical and computer models. Many of the models are based on hypotheses of the behaviour of simplified agents. These comprise strategic thinking, imitation, herding, and the gem of econophysics, the so-called minority game. At the same time, many other models view the economic processes as interactions of inanimate particles. Here, the methods of physics are especially useful. Examples of systems modelled in such a way include books of stock-market orders, and redistribution of wealth among individuals. Network effects are investigated in the interaction of economic agents. The book also describes how to model phenomena like cooperation and emergence of consensus. The book will be of benefit to graduate students and researchers in both Physics and Economics.
Author: Greg Holden Publisher: For Dummies ISBN: 9780764505782 Category : Business & Economics Languages : en Pages : 366
Book Description
Online Auctions Internet Directory Inside! Discover How to Get the Best Possible Deal — and Protect Your Privacy! From baseball cards and Beanie Babies to Fiesta Ware and folk art, Internet auctions are the easiest way to buy and sell collectibles (or anything else) at a great price. But with today's proliferation of sites and auction types, where do you begin? Internet Auctions For Dummies® cuts through the confusion. With clear advice and eye-opening stories from real-life sellers and bidders, author Greg Holden guides you to the best sites for your particular interests and shows you step-by-step how to get great deals — whether you're buying or selling. Let These Icons Guide You! Highlights tips that can help bidders get the best auction deals Points out strategies that can help sellers attract customers and maximize profits Marks profiles of successful Internet auction bidders and sellers Valuable Bonus CD Includes: Auctioneer 3.0 — Demo version of program that allows you to design and maintain an online auction house EveryAuction — An easy to use freeware CGI auction program Paint Shop Pro — Evaluation version of popular image editing tool Shareware programs are fully functional, free trial versions of copyrighted programs. If you like particular programs, register with their authors for a nominal fee and receive licenses, enhanced versions, and technical support. Freeware programs are free, copyrighted games, applications, and utilities. You can copy them to as many PCs you like — free — but they have no technical support System Requirements: 486 or faster PC running Windows 95 or later, Windows NT 4, or 68040 or faster Macintosh running system 7.5.5 or later, 8MB RAM (16MB RAM recommended); CD-ROM drive double-speed (2X) or faster; Internet connection (14,400 bps or faster modem, or network-regular access charges apply). Inside, find helpful advice on how to: Navigate the Web's hottest auction sites — eBay, Yahoo! Auctions, Amazon.com Auctions, OnSale, uBid, AuctionAddict.com, Up4Sale, Auction Universe, The Collectible Exchange, Sotheby's, and more Understand the different types of online auctions and the best strategies for buying or selling at each Handle credit card transactions, set up escrow accounts, and protect yourself from fraud Attract customers worldwide by learning about translation services, customs, and more Connect with other collectors who share your interests and locate hard-to-find items
Author: Wolfgang Jank Publisher: John Wiley & Sons ISBN: 1118031865 Category : Mathematics Languages : en Pages : 321
Book Description
Explore cutting-edge statistical methodologies for collecting, analyzing, and modeling online auction data Online auctions are an increasingly important marketplace, as the new mechanisms and formats underlying these auctions have enabled the capturing and recording of large amounts of bidding data that are used to make important business decisions. As a result, new statistical ideas and innovation are needed to understand bidders, sellers, and prices. Combining methodologies from the fields of statistics, data mining, information systems, and economics, Modeling Online Auctions introduces a new approach to identifying obstacles and asking new questions using online auction data. The authors draw upon their extensive experience to introduce the latest methods for extracting new knowledge from online auction data. Rather than approach the topic from the traditional game-theoretic perspective, the book treats the online auction mechanism as a data generator, outlining methods to collect, explore, model, and forecast data. Topics covered include: Data collection methods for online auctions and related issues that arise in drawing data samples from a Web site Models for bidder and bid arrivals, treating the different approaches for exploring bidder-seller networks Data exploration, such as integration of time series and cross-sectional information; curve clustering; semi-continuous data structures; and data hierarchies The use of functional regression as well as functional differential equation models, spatial models, and stochastic models for capturing relationships in auction data Specialized methods and models for forecasting auction prices and their applications in automated bidding decision rule systems Throughout the book, R and MATLAB software are used for illustrating the discussed techniques. In addition, a related Web site features many of the book's datasets and R and MATLAB code that allow readers to replicate the analyses and learn new methods to apply to their own research. Modeling Online Auctions is a valuable book for graduate-level courses on data mining and applied regression analysis. It is also a one-of-a-kind reference for researchers in the fields of statistics, information systems, business, and marketing who work with electronic data and are looking for new approaches for understanding online auctions and processes. Visit this book's companion website by clicking here
Author: Peter C. Cramton Publisher: MIT Press (MA) ISBN: Category : Business & Economics Languages : en Pages : 678
Book Description
A synthesis of theoretical and practical research on combinatorial auctions from the perspectives of economics, operations research, and computer science.
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Author: Christian Heath
Author: James F. Dalton
Author: Gerhard Illing
Author: Guillaume Haeringer
Author: Gregor Berz
Author: Joan Samson
Author: Frantisek Slanina
Author: Greg Holden
Author: Wolfgang Jank
Author: Peter C. Cramton