Learn to Earn

The Right to Earn a Living

Learn while you earn: two approaches to learning auction parameters in take-it-or-leave-it auctions

Much of the research in auction theory analyses situations where the auctioneer is assumed to know the distribution of valuations the participants hold with complete certainty. However, this is unrealistic. Thus, we analyse cases in which the auctioneer is uncertain about the valuation distributions; specifically, we consider a repeated auction setting in which the auctioneer can learn these di...

Learn While You Earn: Two Approaches to Learning Auction Parameters in Take-it-or-leave-it Auctions (Short Paper)

Much of the research in auction theory assumes that the auctioneer knows the distribution of participants’ valuations with complete certainty. However, this is unrealistic. Thus, we analyse cases in which the auctioneer is uncertain about the valuation distributions; specifically, we consider a repeated auction setting in which the auctioneer can learn these distributions. Using take-it-or-leav...

Cytoskeleton: Axons Earn Their Stripes

Axons must be supported by a strong and flexible cytoskeleton. New 'super-resolution' imaging of the submembranous axonal cytoskeleton reveals that it is organized in a periodic, ladder-like structure with alternating rings of actin linked together by intervening complexes of spectrin.

Capacity Allocation Using Past Sales: When to Turn-and-Earn

Consider a supplier selling to multiple retailers. Demand varies across periods, but the supplier’s capacity and wholesale price are fixed. If demand is high, the retailers’ needs exceed capacity, and the supplier must implement an allocation mechanism to dole out production. We examine how the choice of mechanism impacts retailer actions and supply chain performance. In particular, we analyze ...