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The prize is right—how auction theory won the Nobel for economics

THIS YEAR’S Nobel prize rewards two economists who reimagined an ancient form of transaction—the auction. Host Rachana Shanbhogue asks one of the winners, Paul Milgrom, how he put his cutting-edge theory into practice. Plus, the $100bn bet that has not paid off: why SoftBank’s Vision Fund failed to supercharge tech start-ups. And, how are investors hedging against the risk of post-election volatility in America? Runtime: 25 min

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Author: | Post link: https://www.economist.com/podcasts/2020/10/13/the-prize-is-right-how-auction-theory-won-the-nobel-for-economics
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