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Game Theory, Algorithms and High Prices

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Manage episode 521166499 series 1428432
Content provided by Quanta Magazine. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Quanta Magazine or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

How do sellers decide how to price their goods? Competition should keep prices down, while collusion can rig higher prices (and break the law). On this week’s episode, host Samir Patel speaks with staff writer Ben Brubaker about how computer scientists are using game theory to see how algorithms might result in high prices without shady backroom deals. This topic was covered in a recent story for Quanta Magazine.

Each week on The Quanta Podcast, Quanta Magazine editor in chief Samir Patel speaks with the people behind the award-winning publication to navigate through some of the most important and mind-expanding questions in science and math.

Tom 7's YouTube channel

Audio coda from FDR Presidential Library & Museum.

  continue reading

307 episodes

Artwork
iconShare
 
Manage episode 521166499 series 1428432
Content provided by Quanta Magazine. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Quanta Magazine or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

How do sellers decide how to price their goods? Competition should keep prices down, while collusion can rig higher prices (and break the law). On this week’s episode, host Samir Patel speaks with staff writer Ben Brubaker about how computer scientists are using game theory to see how algorithms might result in high prices without shady backroom deals. This topic was covered in a recent story for Quanta Magazine.

Each week on The Quanta Podcast, Quanta Magazine editor in chief Samir Patel speaks with the people behind the award-winning publication to navigate through some of the most important and mind-expanding questions in science and math.

Tom 7's YouTube channel

Audio coda from FDR Presidential Library & Museum.

  continue reading

307 episodes

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