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Auctions
- The MIT Press Essential Knowledge Series
- Narrated by: Sean Pratt
- Length: 5 hrs and 40 mins
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Publisher's summary
Although it is among the oldest of market institutions, the auction is ubiquitous in today's economy, used for everything from government procurement to selling advertising on the Internet to course assignment at MIT's Sloan School. Yet beyond the small number of economists who specialize in the subject, few people understand how auctions really work.
This concise, accessible, and engaging book explains both the theory and the practice of auctions. It describes the main auction formats and pricing rules, develops a simple model to explain bidder behavior, and provides a range of real-world examples.
The authors explain what constitutes an auction and how auctions can be modeled as games of asymmetric information - that is, games in which some players know something that other players do not. They characterize behavior in these strategic situations and maintain a focus on the real world by illustrating their discussions with examples that include not just auctions held by eBay and Sotheby's but those used by Google, the US Treasury, TaskRabbit, and charities. Listeners will begin to understand how economists model auctions and how the rules of the auction shape bidder incentives. They will appreciate the role auctions play in our modern economy and understand why these selling mechanisms are so resilient.
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Compiled for the first time, and with Buffett's permission, these letters spotlight his contrarian diversification strategy, his almost religious celebration of compounding interest, his preference for conservative rather than conventional decision making, and his goal and tactics for bettering market results by at least 10 percent annually. Demonstrating Buffett's intellectual rigor, they provide a framework to the craft of investing that had not existed before.
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5 out of 5 stars
-
Absolutely fantastic
- By Matthew on 08-18-16
By: Jeremy C. Miller
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Targeted
- How Technology Is Revolutionizing Advertising and the Way Companies Reach Consumers
- By: Mike Smith
- Narrated by: Michael Smith
- Length: 7 hrs and 1 min
- Unabridged
-
Overall4 out of 5 stars 96
-
Performance4 out of 5 stars 85
-
Story4 out of 5 stars 83
Far from the catchy television spots and sleek magazine spreads are the comparatively modest ads that pop up on websites and in Internet searches. But don't be fooled - online advertising is exploding. Growing at a compound annual rate near 20%, it is now the second-largest advertising channel in the United States. Part history, part guidebook, part prediction for the future, Targeted tells the story of the companies, individuals, and innovations driving this revolution.
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3 out of 5 stars
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Dense Language, Mediocre Narration
- By Fawn on 12-06-16
By: Mike Smith
-
Economics for the Common Good
- By: Jean Tirole, Steven Rendell - translator
- Narrated by: Jonathan Davis
- Length: 18 hrs and 54 mins
- Unabridged
-
Overall4.5 out of 5 stars 55
-
Performance4.5 out of 5 stars 43
-
Story4.5 out of 5 stars 41
When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to comment on issues of the day, no matter how distant from his own areas of research. His transformation from academic economist to public intellectual prompted him to reflect further on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics, far from being a "dismal science," is a positive force for the common good.
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4 out of 5 stars
-
A Great Overview of the Challenges of Modern Econ
- By Zach Sullivan on 08-06-18
By: Jean Tirole, and others
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The Money Formula
- Dodgy Finance, Pseudo Science, and How Mathematicians Took Over the Markets
- By: Paul Wilmott, David Orrell
- Narrated by: Gavin Osborn
- Length: 8 hrs and 45 mins
- Unabridged
-
Overall4.5 out of 5 stars 31
-
Performance5 out of 5 stars 30
-
Story4.5 out of 5 stars 30
The Money Formula takes you inside the engine room of the global economy to explore the little-understood world of quantitative finance, and show how the future of our economy rests on the backs of this all-but-impenetrable industry. Written not from a post-crisis perspective - but from a preventative point of view - this book traces the development of financial derivatives from bonds to credit default swaps, and shows how mathematical formulas went beyond pricing to expand their use to the point where they dwarfed the real economy.
By: Paul Wilmott, and others
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2 out of 5 stars
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Thinkers have been fascinated by paradox since long before Aristotle grappled with Zeno's. In this volume in The MIT Press Essential Knowledge series, Margaret Cuonzo explores paradoxes and the strategies used to solve them. She finds that paradoxes are more than mere puzzles but can prompt new ways of thinking. A paradox can be defined as a set of mutually inconsistent claims, each of which seems true. Paradoxes emerge not just in salons and ivory towers but in everyday life.
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3 out of 5 stars
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Light info, tough listen
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2 out of 5 stars
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Multiple chapters without a point
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3 out of 5 stars
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2 out of 5 stars
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Overall5 out of 5 stars 13
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Performance4.5 out of 5 stars 11
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In this volume in the MIT Press Essential Knowledge series, Amaranth Borsuk considers the history of the book, the future of the book, and the idea of the book. Tracing the interrelationship of form and content in the book's development, she bridges book history, book arts, and electronic literature to expand our definition of an object we thought we knew intimately. Contrary to the many reports of its death (which has been blamed at various times on newspapers, television, and e-readers), the book is alive.
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Fifty years ago, neuroscientists thought that a mature brain was fixed like a fly in amber, unable to change. Today, we know that our brains and nervous systems change throughout our lifetimes. This concept of neuroplasticity has captured the imagination of a public eager for self-improvement - and has inspired countless Internet entrepreneurs who peddle dubious "brain training" games and apps. In this book, Moheb Costandi offers a concise and engaging overview of neuroplasticity for the general listener.
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4 out of 5 stars
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In this volume in the MIT Press Essential Knowledge series, computer scientist John Kelleher offers an accessible and concise but comprehensive introduction to the fundamental technology at the heart of the artificial intelligence revolution. Kelleher explains some of the basic concepts in deep learning, presents a history of advances in the field, and discusses the current state of the art.
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1 out of 5 stars
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Yikes
- By Elliot Blanford on 10-27-19
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AI Ethics
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Performance4.5 out of 5 stars 55
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Artificial intelligence powers Google's search engine, enables Facebook to target advertising, and allows Alexa and Siri to do their jobs. AI is also behind self-driving cars, predictive policing, and autonomous weapons that can kill without human intervention. These and other AI applications raise complex ethical issues that are the subject of ongoing debate. This volume in the MIT Press Essential Knowledge series offers an accessible synthesis of these issues.
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4 out of 5 stars
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Great book, not for beginners.
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Overall4.5 out of 5 stars 27
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In our daily lives, it really seems as though we have free will, that what we do from moment to moment is determined by conscious decisions that we freely make. You get up from the couch, you go for a walk, you eat chocolate ice cream. It seems that we're in control of actions like these; if we are then we have free will. But in recent years, some have argued that free will is an illusion. The neuroscientist (and best-selling author) Sam Harris and the late Harvard psychologist Daniel Wegner, for example, claim that certain scientific findings disprove free will.
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1 out of 5 stars
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Severely lacking: stay away
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Sustainability
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In this accessible guide to the meanings of sustainability, Kent Portney describes the evolution of the idea and examines its application in a variety of contemporary contexts - from economic growth and consumption to government policy and urban planning.
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4 out of 5 stars
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Informative and well-organized
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Overall4.5 out of 5 stars 51
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Performance4 out of 5 stars 38
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Story4.5 out of 5 stars 38
In this volume in the MIT Press Essential Knowledge series, J. M. Berger offers a nuanced introduction to extremist movements, explaining what extremism is, how extremist ideologies are constructed, and why extremism can escalate into violence.
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1 out of 5 stars
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book is passable but plagued by left-wing bias
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Machine Translation
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The dream of a universal translation device goes back many decades, long before Douglas Adams's fictional Babel fish provided this service in The Hitchhiker's Guide to the Galaxy. Since the advent of computers, research has focused on the design of digital machine translation tools - computer programs capable of automatically translating a text from a source language to a target language. This has become one of the most fundamental tasks of artificial intelligence.
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Cynicism
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Overall4.5 out of 5 stars 34
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Performance5 out of 5 stars 25
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Story4.5 out of 5 stars 25
Everyone's a cynic, yet few will admit it. Today's cynics excuse themselves half-heartedly - "I hate to be a cynic, but...." - before making their pronouncements. Narrowly opportunistic, always on the take, contemporary cynicism has nothing positive to contribute. The Cynicism of the ancient Greeks, however, was very different. Bold and shameless, it was committed to transforming the values on which civilization depends.
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5 out of 5 stars
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astounding circumstances
- By Aarin Joseph King on 04-18-24
By: Ansgar Allen
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Extraterrestrials
- MIT Press Essential Knowledge Series
- By: Wade Roush
- Narrated by: Rick Adamson
- Length: 4 hrs and 46 mins
- Unabridged
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Overall4.5 out of 5 stars 7
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Performance5 out of 5 stars 5
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Story5 out of 5 stars 5
Everything we know about how planets form and how life arises suggests that human civilization on Earth should not be unique. We ought to see abundant evidence of extraterrestrial activity - but we don't. Where is everybody? In this volume in the MIT Press Essential Knowledge series, science and technology writer Wade Roush examines one of the great unsolved problems in science: Is there life, intelligent or otherwise, on other planets?
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5 out of 5 stars
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A much needed nonfiction discourse on ET
- By hammi on 07-21-23
By: Wade Roush
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Machine Learning: The New AI
- The MIT Press Essential Knowledge Series
- By: Ethem Alpaydi
- Narrated by: Steven Menasche
- Length: 4 hrs and 24 mins
- Unabridged
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Overall4 out of 5 stars 291
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Performance4 out of 5 stars 239
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Story4 out of 5 stars 238
In this audiobook, machine learning expert Ethem Alpaydin offers a concise overview of the subject for the general listener, describing its evolution, explaining important learning algorithms, and presenting example applications. Alpaydin offers an account of how digital technology advanced from number-crunching mainframes to mobile devices, putting today's machine learning boom in context.
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1 out of 5 stars
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Narrator not suited to the material
- By pandrenyc on 12-01-16
By: Ethem Alpaydi
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Nihilism
- MIT Press Essential Knowledge Series
- By: Nolen Gertz
- Narrated by: Shaun Grindell
- Length: 4 hrs and 36 mins
- Unabridged
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Overall4.5 out of 5 stars 68
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Performance4.5 out of 5 stars 56
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Story4.5 out of 5 stars 56
When someone is labeled a nihilist, it's not usually meant as a compliment. Most of us associate nihilism with destructiveness and violence. Nihilism means, literally, "an ideology of nothing". Is nihilism, then, believing in nothing? If we can learn to recognize the many varieties of nihilism, Nolen Gertz writes, then we can learnto distinguish what is meaningful from what is meaningless. In this addition to the MIT Press Essential Knowledge series, Gertz traces the history of nihilism in Western philosophy from Socrates through Hannah Arendt and Jean-Paul Sartre.
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5 out of 5 stars
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thought provoking
- By Justin Hunter on 03-13-22
By: Nolen Gertz
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Fertility Technology
- MIT Press Essential Knowledge Series
- By: Donna J. Drucker
- Narrated by: Christa Lewis
- Length: 5 hrs and 20 mins
- Unabridged
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Overall0 out of 5 stars 0
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Performance0 out of 5 stars 0
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Story0 out of 5 stars 0
In the late 1850s, a physician in New York City used a syringe and glass tube to inject half a drop of sperm into a woman's uterus, marking the first recorded instance of artificial insemination. From that day forward, doctors and scientists have turned to technology in ever more innovative ways to facilitate conception. Fertility Technology surveys this history in all its medical, practical, and ethical complexity, and offers a look at state-of-the-art fertility technology in various social and political contexts around the world.
By: Donna J. Drucker
What listeners say about Auctions
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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Overall4 out of 5 stars
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Performance5 out of 5 stars
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Story3 out of 5 stars
- Jack Graham
- 08-03-18
Theoretical Review of Auctions
I bit difficult to listen to because of the theoretical nature of this book. Tables are often mentioned but unavailable to view. Nonetheless an interesting book as theoretical knowledge of auctions is hard to come by
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Jay Friedman
- 09-22-16
Perfect length and amount of information.
This gave a great overview of all of the basics that went deep enough to understand all of the variables and idiosyncrasies without getting so deep or mathy that I would get lost. Especially in audio format.
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