Michael Ostrovsky
@mostrovs
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Professor of Economics at Stanford GSB
Stanford, CA
Joined May 2009
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At a talk by
@JMilei
at Stanford. He is discussing price equilibrium in general and Brouwer’s and Kakutani’s theorems in particular. I look forward to the discussion of fixed-point theorems at the upcoming
@JoeBiden
-
@realDonaldTrump
debate.
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At a talk by
@JMilei
at Stanford. He is discussing price equilibrium in general and Brouwer’s and Kakutani’s theorems in particular. I look forward to the discussion of fixed-point theorems at the upcoming
@JoeBiden
-
@realDonaldTrump
debate.
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The 2020 NBER Market Design working group meeting will take place next week, October 22-24, live streamed at . Don't miss your chance to see the latest Nobel Prize winner "in action" (see the program at for details)!
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Forthcoming in the December issue of
@JPolEcon
- "Reserve Prices in Internet Advertising Auctions: A Field Experiment" with Michael Schwarz: .
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Congratulations to my
@StanfordGSB
colleague
@akbarpour_
on getting a 2020 Sloan Fellowship in Economics! Well deserved!
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The talks (including 1-minute flash ones!) for EC'20 are now online, and the papers will be there soon: . Thanks to
@YannaiGonch
and everyone else who made it happen. The conference starts on Monday - register at and spread the word!
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Now officially in print:
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The 2021 NBER Market Design working group meeting is taking place tomorrow, Friday, and Saturday, noon - 3:30pm EDT. Program is at , and the meeting will be live streamed at . See you there!
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EC'20 starts *tomorrow*, will run until *July* 22 () - online, with a nominal registration fee. Barrier to participation is *extremely* low: sign up even if you're interested in just a few papers & events, and please let your colleagues know. Don't miss it!
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Call for papers: ACM EC 2020, July 13-17, Budapest, Hungary. Co-located with World Congress of Game Theory Society. Keynote talks by
@jcremer
, Oliver Hart, and
@MilindTambe_AI
. Forward-to-journal option to top journals in several disciplines. More info: .
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Fantastic news - so happy for Bob and Paul!!
BREAKING NEWS:
The 2020 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded to Paul R. Milgrom and Robert B. Wilson “for improvements to auction theory and inventions of new auction formats.”
#NobelPrize
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A one-of-a-kind conference on New Directions in Market Design, sponsored by
@nberpubs
and
@SchmidtFutures
, is taking place on May 11-12. The conference will be livestreamed on . The program is at . Don't miss it - and spread the word!
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I have Matlab code that runs on a small problem. I need to scale it up (by a lot). The problem is parallelizable. I also want to use a very fast language. What's the best language/cloud platform combo to use for this (fast language + easy parallelization)? C/C++/Python on AWS?
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Call for papers: NBER Workshop on Market Design, Stanford, CA, October 18-19, 2024. Submission deadline: August 16, 2024. More information here: .
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Procaccia, A. (2020), "On the association between a paper's title and its likelihood of being accepted to a conference: Evidence from ACM EC."
A good strategy for getting your paper accepted to
@AcmSIGecom
EC is calling it "X: Evidence from Y" (8 submitted, 5 accepted, cf. overall acceptance rate of 20%).
Your paper is theoretical? No problem: call it, say, "EFX Exists for Three Agents: Evidence from Math."
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Register (only $5/$10 ) and participate in EC'20 if for no other reason than to see how to run a well-designed virtual conference. Great talks, too (), including keynotes by
@jcremer
and
@MilindTambe_AI
().
It's July 13, which means that the main events of
#AcmEC20
are starting! Curious about our virtual venue? Can't wait till the morning? Check out our Virtual Venue Video Guide:
Thanks to
@MFishelson
for making the video, and thanks to all who participated!
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@steventberry
Can't miss this chance to plug my recent paper on this :) -> . One very important dimension people usually overlook is that tolls will encourage carpooling, thus dramatically increasing road throughput and overall welfare.
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You are welcome
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Reminder: submission deadline for ACM EC'20 is Feb 12, 3pm EST. Shaping up to be a fantastic conference. Accepted papers can be forwarded for consideration to REStud, RAND, JET, GEB, and 8 other leading journals in various disciplines. Don't miss it.
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A road sign at a newly rebuilt intersection at Stanford. I appreciate the engineers’ creativity, but imagine trying to figure this one out in real time while driving...
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We should encourage economics job market candidates to do this before their job talks.
21-year-old Mäori MP performs haka before parliament speech in New Zealand
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@ben_golub
The right answer is to auction off closer positions in the queue. The specific auction format is left as an exercise to the reader.
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Thank you for your support, especially this year!
Microsoft is a proud sponsor of this year's virtual
#AcmEC20
. See the full list of our accepted papers on economics and computation:
Below, we'll share a thread of our 1 minute lightning talk videos from
@AcmSIGecom
.
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@skominers
@t8el
Thanks,
@skominers
. Full paper here: . Sections 2 and 3 are mostly formalizing the intuition that Andy and I already had. But Section 4 took us completely by surprise, and it took a few iterations to come up with Section 4.1 that explains what's going on.
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@steventberry
"In 1915 we studied function series, in 1916 - orthogonal series. And then 1917 happened. That was a very memorable year in our lives, this year happened an event that had drastically affected our future lives: we started looking at trigonometric series."
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Monday Sep 13, 7am Pacific.
The Virtual MD Seminar is back next Monday!
We are pleased to welcome
@mostrovs
(
@StanfordGSB
) for the first talk this semester. He will present "Choice Screen Auctions".
Looking forward!
#EconTwitter
@ENS_ParisSaclay
@WiSoUniCologne
@ZEW
@AfseContact
@ECON_tribute
@EPoS224
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@akbarpour_
@SNageebAli
I should set up a Cameo account and then you guys can pitch in and order a video of that proof from me. How much did Snoop Dogg charge for that syllabus video?
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... Consistent with the theory, revenues increased substantially after the new reserve prices were introduced."
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@florianederer
@goal
I love this idea of putting together a team of players from non-qualified countries and adding it to WC. Maybe put a cap of 2 players from 1 country. Doing it at WC right away may be a stretch, but maybe start with something like Confederations Cup or a continental championship.
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Enormously grateful to all the PC and SPC members () for all the work they did - reviews, meta-reviews, discussions, etc., despite the obstacles. Hope to "see" you all in July. Thank you!
We are delighted to inform you that... the list of papers accepted to
@AcmSIGecom
EC'20 is now online ().
@mostrovs
and I accepted 99 out of a record-busting 491 submissions. We're grateful to the program committee for doing an amazing job despite Covid.
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Save the dinosaurs!
The town of Hillsborough is suing the owner of the Flintstone House for adding dinosaurs to the landscaping.
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@jasondhartline
@akbarpour_
You can, you just can't afford it, at least until Virtual Chair goes public.
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Abstract: "We present the results of a large field experiment on setting reserve prices in auctions for online advertisements, guided by the theory of optimal auction design suitably adapted to the sponsored search setting. ...
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@ElliotLip
Contact the nearest 6-8 dealers by email (most have internet departments), describe what you need, and ask for quotes. Then nicely and politely (and still by email) conduct a reverse English auction. Confirm VIN with the winner and drive to pick up the car.
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@gust_avius
@paulg
@___nassim___
The two are compatible if you have the flexibility to wake up late the next day. Some occupations give you this flexibility, some do not.
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@fkojima79
@econD47
@prof_parag
We should also thank
@immorlica
,
@jasondhartline
,
@TheVirtualChair
- couldn't have done the reception without them!
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@benedictevans
No, it does not. Search ads can work with zero first-party data. They can work using just the search query that the user submitted. There is no expectation of privacy re: that query, since the user explicitly asked the search engine to give it results related to that query.
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PR-speak: "J.Crew Group, Inc. Announces Comprehensive Agreement to Deleverage Balance Sheet and Position J.Crew and Madewell for Long-Term Profitable Growth."
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@ben_golub
Let s_ii be the smallest s and s_jj > s_ii be the largest. The sum of row i of SMS is less than or equal to s_ii^2 * s_jj. The sum of row j of SMS is greater than or equal to s_ii * s_jj^2.
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@pauloyer
@johnjhorton
@causalinf
Broken bones themselves are not contagious, but TikTok videos causing them are.
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This should be interesting
At 3:30 PM PST on Friday Mark Zuckerberg and Priscilla Chan will be joining me on zoom to discuss my campaign to be nominated for the ballot for the Board of Overseers of Harvard. If you would like to join please RSVP at:
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@AnthonyLeeZhang
Please define “randomly selected” and “make sure”. Because if random = iid, it’s possible (though with prob. 0) that the same prisoner goes to the room every single time.
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@steventberry
Come on. Get you priorities straight. Here is a (well-known among Russian mathematicians) anecdote about Dmitry Menshov, reminiscing about 1917, the year when the Russian revolution happened. (1/2)
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Update: ACM EC'20 will take place virtually.
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@NickArnosti
@AssafRomm
@NickArnosti
- Thanks for the plug :) Yes, the key parts of the paper are accessible to undergrads.
@AssafRomm
- The paper is here: . Let me know if you want the slides.
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@steve_tadelis
@mike_luca
@johnjhorton
@typesfast
@jonathaneyer
@JoeGoJoeGo
Buying your own name/url is often super-cheap (because your quality score will obviously be very high), and you have the ability to customize the ad, highlight specific sub-pages to which you want to direct attention, customize your message, etc.
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@Jon_Hartley_
My guess is that only 7/13 and 7/21 will be truly remembered 50 years from now, unless Vance, Walz, or RFK Jr go on to have a super-spectacular political career afterwards.
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@AnthonyLeeZhang
If you give me a naturally occurring (i.e., not adversarially chosen) real-world dataset with 1000 observations from {0,1} and tell me that at least 999 of them are 0, it's going to be much more likely that all 1000 of them are 0 than that 999 are zeros and 1 is one.
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@florianederer
At the local level, excessive concentration is probably undesirable. But aggregation *across* markets may easily be welfare-improving. Having 3 or 4 global conglomerates is not necessarily bad. But having a global duopoly is probably not a good outcome.
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Paging
@Ananyo
justice for JVN. chris nolan committed a crime against the universe by excluding him from oppenheimer
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@ShengwuLi
I miss the old, hardcore United. No matroid problems - just pick a person at random and kick them off the flight. And if they complain that their spouse is still one the plane, just tell them to find a new spouse - lots of single people waiting at the airport.
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@a_nichifor
@ben_golub
@ShengwuLi
@skominers
@SNageebAli
Are you sure the first result wasn’t sponsored? 😜
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@florianederer
Are there *any* sci-fi novels in which antitrust plays a role? Like making sure that everyone can have blue bubbles?
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If you are a Harvard alum (any degree/school), please seriously consider nominating
@lessin
to the Harvard Board of Overseers (I did). He's a great guy. It takes five minutes. More info here: . Deadline is January 31.
Harvard Alums - I want to lean in and help the university forward, not give up. If you believe fresh ideas and leadership is needed, consider nominating me for the Board of Overseers. 🧵
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@ben_golub
@johnjhorton
@ModeledBehavior
Thanks, Ben. John - take a look at Sections 1.2 and 2.2 in my paper, and references there. You do need to put money to get trading going, but only once. Happy to provide more info and chat more. Are you thinking of running something like this in practice?
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@econD47
@heyitsmehugo
@nberpubs
Yes, they will be uploaded, but I do not yet know how long they will stay up. So keep an eye on the NBER YouTube page, and watch them as soon as they are posted there.
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@AnthonyLeeZhang
@jensen_inequity
"Auction theory is of central importance in the study of markets. [...] We present a learning method that represents strategies
as neural networks [...]
Instead of standard gradient ascent, we apply the Adam optimization algorithm [...]"
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@johnjhorton
@friedmandave
Better yet, they can get in touch with us at
@topsort_inc
and we'll happily provide this to them as a service ;)
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@ben_golub
Fortunately, this is not the only way to be a successful economist in general, and economic theorist in particular.
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If I were a young writer in search of a topic for a breakthrough book, I think a sure bet would be to write a biography of
@WalterIsaacson
in the style of
@WalterIsaacson
.
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