We discuss a different kind of auction: the second price auction. It resolves many of the problems of the usual auctions, but the game is played a little differently.
<a href="https://podpaperscissors.com/transcripts/17-2nd_price.html">Full transcript on our web site.</a>
What is Pod Paper Scissors?
Pod Paper Scissors considers the glitches in our society due to the hidden games in everyday human interactions. Each week, hosts Ben Klemens and Liz Landau discuss a different topic relating to social interaction including markets, politics, trends, and other core facets of our society, in a causal conversation format with original songs and interviews with knowledgeable guests.