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What and Who
Title:Maximizing the Social Good: Markets without Money
Speaker:Nicole Immorlica
coming from:Microsoft Research New England
Speakers Bio:
Event Type:INF Distinguished Lecture Series
Visibility:D1, D2, D3, D4, D5, SWS, RG1, MMCI
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Level:MPI Audience
Language:English
Date, Time and Location
Date:Thursday, 3 May 2018
Time:10:00
Duration:60 Minutes
Location:Saarbrücken
Building:E1 4
Room:024
Abstract
To create a truly sustainable world, we need to generate
ample resources and allocate them appropriately.  In traditional
economics, these goals are achieved using money.  However, in many
settings of particular social significance, monetary transactions are
infeasible, be it due to ethical considerations or technological
constraints.  In this talk, we will discuss alternatives to money,
including risk, social status, and scarcity, and show how to use them to
achieve socially-optimal outcomes.  Risk helps determine a person's
value for a resource: the more someone is willing to risk for something,
the more they value it.  Using this insight, we propose an algorithm to
find a good assignment of students in school choice programs.  Social
status helps motivate people to contribute to a public project.  Using
this insight, we design badges to maximize contributions to
user-generated content websites.  Scarcity forces people to evaluate
trade-offs, allowing algorithms to infer the relative strength of their
preference for different options.  Using this insight, we design voting

schemes that select the most highly-valued alternative.

Contact
Name(s):Petra Schaaf
Phone:5000
EMail:--email address not disclosed on the web
Video Broadcast
Video Broadcast:NoTo Location:
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Attachments, File(s):
  • Petra Schaaf, 04/23/2018 11:27 AM
  • Petra Schaaf, 01/29/2018 12:17 PM -- Created document.