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Puzzles

Penny Stocks, Discount Brokers, Better Bidding, and More

Bibliographic Data

ID14855221
AuthorsBarry Nalebuff (0000-0002-6290-7009, Assistant Professor of Economics, Princeton University, Princeton, New Jersey., corresponding author)
Year1988
Volume2
Issue1
Pages179-185
Publication date1988-02-01
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic Perspectives (JOURNAL)
Journal identifiersISSN: 0895-3309 • E-ISSN: 1944-7965
PublisherAmerican Economic Association (PUBLISHER • US)
DOI10.1257/jep.2.1.179
OpenAlexW2006286903
LanguageEN
References cited4

In presenting economic puzzles, I have three goals in mind: some puzzles are chosen to stimulate research; others offer examples that will help undergraduate and graduate teaching; all should provide quality distractions during seminars. This feature begins with reader's comments on the first “Puzzles.” Next are several speed puzzles, with answers provided at the end. Here we have two Fischer Black problems in finance and a dot game from Richard Zeckhauser. Following are several longer puzzles, for which readers are challenged to submit their own answers. This issue's longer problems give you a chance to think about strategies for staying ahead (in sailboat racing to R&D racing) and not losing your head at an auction. The responses will be discussed in a future issue

Bidding · Business · Economics · Epistemology · Microeconomics · Auction Theory and Applications · Consumer Market Behavior and Pricing · Economic theories and models · Marketing

  • A Theory of Auctions and Competitive Bidding

    Paul Milgrom, Paul R Milgrom et al.•Econometrica•1982

  • Theory of Rational Option Pricing

    Robert C Merton•The Bell Journal of Economics and…•1973

  • Optimal Auction Design

    Open Access•Roger B Myerson, Roger Myerson•Mathematics of Operations Research•1981

Highly citedNo

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