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15.567  The Economics of Information: Strategy, Structure and Pricing

Fall 2008

Instructor: Erik Brynjolfsson

TAs: Emmett Daniel Johnson, Heekyung Kim

Lecture:  MW 2:30-4:00  (E51-145)        

Announcements

WSJ article on the battle surrounding 'Minimum Advertised Price' (MAP)

Should retailers be allowed to price below the minimum set by a manufacturer?  Catch up on the debate here:

http://online.wsj.com/article/SB122835660256478297-email.html

- Emmett

Announced on 06 December 2008  8:10  p.m. by Emmett Johnson

Prediction Market for Course Bidding

As discussed in class today -- happy trading!

 

Want to know how much should you bid for a course?

Wonder how many people will show up to your club event?

Want to hone your sales & trading skills?

How about a chance to win Amazon's gift cards? (1X$200, 1X$100, and 4X$50)

 
MIT Sloan is now home to the first-ever business school prediction market. As evidenced by the sorry state of the Dow and the NASDAQ, markets are the most efficient way to price uncertainties and accurately predict outcomes of real-life events.
 
MIT Sloan Prediction Markets will price school-related securities through a student-driven trading system. Prediction Markets allow you to interact with your peers and provide you with answers to the burning questions of the day. Start trading today for a chance to win, in less than a week, prizes ranging from $50 to $200 based on your performance (see FAQ for further details). 
 
Start trading today by creating an account here:  http://www.mitpredictionmarkets.com/Main.php?do=login
(Please Sign Up using  your "@ mit.edu " or "@ sloan.mit.edu " domain).
 
See the document 'MIT Sloan Prediction Markets' under Materials/Team Projects for Frequently Asked Questions (Also available here:  http://docs.google.com/Doc?id=dxjfcmm_13cbp3t3cb )

Announced on 02 December 2008  12:15  a.m. by Emmett Johnson

No Delivery for Emerging Electronic Markets

All,

Just a quick note -- there is no one-pager due for the Worker Productivity readings.  The study questions are to serve as a guide to prepare you for the 12/3 class discussion.

- Emmett

Announced on 30 November 2008  4:22  p.m. by Emmett Johnson

No Delivery for Worker Productivity

All,

Just a quick note -- there is no one-pager due tonight for the Worker Productivity readings.  The study questions are to serve as a guide to prepare you for tomorrow's class discussion.

- Emmett

Announced on 23 November 2008  4:09  p.m. by Emmett Johnson

Very Brief Class Survey for Today!

On behalf of your classmates who will be presenting today, please fill out the survey below by the start of class! -- Emmett

Hello fellow Economists of Information,
 
For our presentation today, we would like to conduct a quick poll.  We will use Poll Everywhere ( www.polleverywhere.com ) to do this, the text message-based polling service.  Instructions are below.
 
If you do not wish to participate or do not have an opinion, there is no need to respond.
 
Question: Which platform would you choose to develop an application for?
a)       iPhone
b)      Facebook
 
Instructions:
-           Send a text message to 41411.
-           To vote for iPhone, enter CAST 25897 in the body of the text message
-           To vote for Facebook, enter CAST 25899 in the body of the text message
 
Thank you for your help!
 
Regards,
Sandy, Dev, Nga and Mike

Announced on 19 November 2008  1:33  p.m. by Emmett Johnson

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