Successful uninformed bidding

Successful uninformed bidding

This paper studies multiunit common value auctions with informed and less informed bidders. In these auctions, we show that bidders with less information can bid very aggressively and do surprisingly well. We also show that the degree of aggressiveness and success of bidders with less information is positively related to the number of units for sale. We explain these phenomena in terms of the b...

Uninformed Hawking radiation

We show in detail that the Parikh-Wilczek tunneling method (PWTM), which was designed for resolving the information loss problem in Hawking radiation (HR) fails whenever the radiation occurs from an isothermal process. The PWTM aims to produce a non-thermal HR which adumbrates the resolution of the problem of unitarity in quantum mechanics (QM), and consequently the entropy (or information) con...

Optimal Information Revelation with Uninformed Receiver

The first chapter studies optimal information revelation with one-sided asymmetric information. A sender chooses ex ante how her information will be revealed ex post. A receiver obtains both public information and information revealed by the sender, and then takes one of two actions. The sender wishes to maximize the probability that the receiver takes the desired action. The sender optimally r...

Why Uninformed Agents (Pretend to) Know More

Introducing Uninformed Search with Tangible Board Games

Researchers have established the value of hands-on learning with tangible artifacts in mathematics and related fields. Inspired by this work, an assignment was developed for an undergraduate/graduate Artificial Intelligence course to introduce students to the formal representation of search. Students analyzed a familiar board game—e.g., Rush Hour or peg solitaire— using the standard approach to...