Professor Richard Thaler: Masters in Business (Audio)
Masters in Business
00:00
Good and Bad Auctioneers
A colleague of mine at a chicago booth called devon pope, has studied the auctioneers. It turns out that there are some there good and bad auctioneers. But again, in a world of econs it wouldn't be true, because we would all bid up to our reservation price and stop.
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