As an economist, I think the Bitcoin price rollercoaster has been one of the most interesting monetary experiments of this century! While last time was clearly a bubble, this time I do not think it is. If you prefer to consume this story in video format, check it out here:... [Read More]

Ever since I was born, there has really only been one question on my mind. How does the monetary financial system work? To find out, I took all economics classes I could in high school, did a bachelor in economics, and master in finance. It was only during my PhD... [Read More]

One year before he died in 1896, Alfred Nobel stated in his will that a large part of his inheritance should fund a yearly prize awarded to persons who made exceptional contributions to the fields of Physics, Chemistry, Medicine, Literature, and Peace. As you might have noticed, Alfred Nobel himself... [Read More]

In this post, I will explore what revolutionary new auction format led to the Nobel Prize in Economic sciences in 2020 being awarded to Paul Milgrom and Robert Wilson, two professors at Stanford University. In 1994, two years before William Vickrey won his Nobel prize in auction theory, the United... [Read More]

2020 is not only the year of a massive global pandemic, it is also the year that auction theory won its second Nobel Prize in Economic sciences. To be more precise, the prize was won by Paul Milgrom and Robert Wilson, two professors at Stanford University, who won the prize... [Read More]