X-Spam-Status: No, score=-1.9 required=5.0 tests=BAYES_00,INVALID_DATE,SMILEY autolearn=no version=3.2.3 Sender: -1.9 (spamval) -- NONE Return-Path: Received: from newman.eecs.umich.edu (newman.eecs.umich.edu [141.213.4.11]) by boston.eecs.umich.edu (8.12.10/8.13.0) with ESMTP id l9FLGOux019762 (version=TLSv1/SSLv3 cipher=DHE-RSA-AES256-SHA bits=256 verify=FAIL) for ; Mon, 15 Oct 2007 17:16:24 -0400 Received: from serenity.mr.itd.umich.edu (mx.umich.edu [141.211.14.136]) by newman.eecs.umich.edu (8.14.1/8.14.1) with ESMTP id l9FLFiWj010896 for ; Mon, 15 Oct 2007 17:15:44 -0400 Message-ID: <4713D88B.AE656.8962 Æ serenity.mr.itd.umich.edu> X-Spam-Checker-Version: SpamAssassin 3.2.3 (2007-08-08) on newman.eecs.umich.edu X-Virus-Scanned: ClamAV version 0.91.2, clamav-milter version 0.91.2 on newman.eecs.umich.edu X-Virus-Status: Clean Date: Mon, 15 Oct 2007 17:15:55 To: From: Subject: undeliverable mail Message delivery failed for one or more recipients, check specific errors below An error occurred during delivery to host msn.com. address jr483 Æ msn.com Bad SMTP RCPT TO reply 550 Requested action not taken: mailbox unavailable Bounced message: Received: FROM newman.eecs.umich.edu (newman.eecs.umich.edu [141.213.4.11]) BY serenity.mr.itd.umich.edu ID 4713D834.742E8.8962 ; 15 Oct 2007 17:14:28 -0400 Received: from boston.eecs.umich.edu (boston.eecs.umich.edu [141.213.4.61]) by newman.eecs.umich.edu (8.14.1/8.14.1) with ESMTP id l9FLDlcO010331 (version=TLSv1/SSLv3 cipher=DHE-RSA-AES256-SHA bits=256 verify=FAIL); Mon, 15 Oct 2007 17:13:48 -0400 Received: from boston.eecs.umich.edu (localhost.eecs.umich.edu [127.0.0.1]) by boston.eecs.umich.edu (8.12.10/8.13.0) with ESMTP id l9FLDfux019681 (version=TLSv1/SSLv3 cipher=DHE-RSA-AES256-SHA bits=256 verify=NO); Mon, 15 Oct 2007 17:14:18 -0400 Received: from localhost (dreeves Æ localhost) by boston.eecs.umich.edu (8.12.10/8.12.9/Submit) with ESMTP id l9FLDdW8019677; Mon, 15 Oct 2007 17:13:40 -0400 X-Authentication-Warning: boston.eecs.umich.edu: dreeves owned process doing -bs Date: Mon, 15 Oct 2007 17:13:35 -0400 (EDT) From: Daniel Reeves X-X-Sender: dreeves Æ boston.eecs.umich.edu To: Eva Revesz cc: reeves-hayos Æ umich.edu, reeves-kalkman Æ umich.edu, improvetheworld Æ umich.edu Subject: RE: some very yootley research wins nobel prize In-Reply-To: Message-ID: References: MIME-Version: 1.0 Content-Type: TEXT/PLAIN; charset=US-ASCII; format=flowed X-Spam-Status: No, score=-2.1 required=5.0 tests=BAYES_00,MR_DIFF_MID,SMILEY autolearn=no version=3.2.3 X-Spam-Checker-Version: SpamAssassin 3.2.3 (2007-08-08) on newman.eecs.umich.edu X-Virus-Scanned: ClamAV version 0.91.2, clamav-milter version 0.91.2 on newman.eecs.umich.edu X-Virus-Status: Clean [I'm adding ITW to this. (Random statistic: ITW gets a message every 1.3 days on average. If you're behind, just read one per day and you'll eventually catch up!)] Thanks Trixie. Has anyone insinuated that ("yootles is a mechanism for Danny to get what he wants")? Our mechanism design goals have explicitly been social utility maximization ("efficiency" or "welfare") and fairness. Let's always compare every yootles decision to what would have happened without yootles. If a worse decision is ever made, please scream bloody murder! I used to worry a lot that yootles would be unfair for poor people [1]. I've done a 180 on that. I often yootle with actual money with people (when they don't use yootles often enough for yootles to be meaningful) and this is what has made me all hot on theoretical capitalism lately: When I'm the rich one, it's great, I get my way for peanuts. But when I'm the poor one (turns out I know lots of millionaires) it's also great: I get paid big bucks for a trivial sacrifice. See, I'm helping people voluntarily shrink the income gap. :) Another useful blurb on today's prize: http://www-personal.si.umich.edu/~jmm/blog/Nobel-in-mech-design-2007-NYT.pdf Danny [1] To the extent that you can get yootles with money, which is very hard to prevent. Many things that don't seem to involve money really do -- like if money is no object I'll mind less losing a yootles auction about travel dates. So with lots of money one may find ways to indirectly get rich in yootles. It's up to social convention how much to discourage that. --- \/ FROM Eva Revesz AT 07.10.15 13:13 (Today) \/ --- > Yes, Danny, fascinating! And it is indeed yootley. I especially had to > grin at the description saying, paraphrased, that it gets planners, > managers, parents to acts in ways that the planner, manager and parent > wants them to. (: > (This is in response to those out there who have insinuated that yootles > is a mechanism for Danny to get what he wants! :) > > Love, > Trixie Daniel Reeves to reeves-hayos Æ umich.edu: > http://freakonomics.blogs.nytimes.com/2007/10/15/chicago-economist-roger-myerson-one-of-three-to-win-nobel/ > > Straw poll: who knows what "mechanism design" means? (reply to just > me) -- http://ai.eecs.umich.edu/people/dreeves - - search://"Daniel Reeves" Optimist: The glass is half full. Pessimist: The glass is half empty. Engineer: The glass is too big.