Stanford Pair Win Nobel For Economic Ideas Driving Ebay, Cellphone Spectrum Sales

by Erik Sherman

Going once, going twice—the winners of this year’s Nobel Prize in Economic Sciences are two Stanford economists whose work lets the world make mobile phone calls, switch on a light, and buy and sell on eBay.

Robert Wilson and Paul Milgrom, are famous for their groundbreaking work on auction theory. They took the 2,500-year-old practice of selling goods to the highest bidder and transformed how they worked and how the world looked at a result.

One of the major areas they developed was analysis of how the rules that govern auctions affect the efficiency of the outcomes—how bidders get the value they want, sellers maximize their income, and the process can happen more easily and quickly. Then they found ways to move beyond the fast-talking and gavel-banging stereotype of an auction and into many new types that new rules could enable.

“Sometimes the invisible hand of the

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Phoenix Fuel Masters chalk up win in PBA bubble debut



a man holding a basketball


© Provided by BusinessWorld


THE Phoenix Super LPG Fuel Masters won in their Philippine Basketball Association (PBA) “bubble” debut, beating the Meralco Bolts, 116-98, on Monday at the Angeles University Foundation Gym in Pampanga.

Banking on its steady play on both ends of the court throughout the match, the Fuel Masters went on to outlast the Bolts and be among the first winners in the PBA’s long-awaited return from a seven-month lull because of the coronavirus pandemic.

The start of the contest was marked by runs and counter-runs.

Sophomore Bong Quinto led the early charge of the Bolts, who sprinted to a 16-9 lead in the first six minutes of the opening quarter.

The Fuel Masters, on the lead of Matthew Wright, then went on an 8-0 run in the next two minutes to overtake Meralco, 17-16.

Phoenix sustained control the rest of the period, holding a 25-21 advantage in

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How does this title company help agents win more business?

As a relationship-driven business, it’s no surprise that top performing agents enjoy the deep trust of their clients. They earn it by delivering unparalleled service, by having a mastery of data, and by being actively responsive.

They carefully guide clients through the phases of listing a property or searching for homes. And they provide timely, informed advice on repairs, on structuring or responding to offers, and on thoughtful negotiations. It’s all about a creating good experience.

So why don’t agents do more to ensure that experience carries through the entire closing?

Real estate professionals are fluent in the vagaries of the closing process, but the average homeowner will only go through it once every seven to ten years. That means, after having a trusted advisor by their side at every moment, the title and closing process thrusts the consumer into an unfamiliar, unforeseen, and all-around unpleasant experience—all on their own.

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Markus Perez’s idea for a dream fight? Three rounds of blood, cuts and a split decision win

MMA fighters often pay huge tolls when engaging in violent brawls in the cage, and that’s something to which Markus Perez aspires.



Markus Perez faces UFC newcomer Dricus Du Plessis in Abu Dhabi.


© Jose Youngs, MMA Fighting
Markus Perez faces UFC newcomer Dricus Du Plessis in Abu Dhabi.

Perez had a several UFC fights cancelled over the past few months before booking a middleweight showdown with newcomer Dricus Du Plessis on Saturday night at UFC Fight Island 5 in Abu Dhabi. Dealing with so many frustrations has him eager to fulfill a longtime dream: a bloody war.

“Not that I see (my stand-up) as the best path to victory, but that’s how I want to fight,” Perez said in an interview with MMA Fighting. “I want to brawl, I want to punch him. I’m training for seven months, and now I’m going to grapple and take him down? I wanna fight, I want a brawl. I want to trade punches.”

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3 Strategies to Compete and Win in Today’s Rapidly Changing Business Environment

Given today’s volatile global business landscape, a growing number of CEOs are realizing that their organizations need transformational change. Yet research shows that companies are struggling with how to approach it, as roughly 70 percent of corporate transformation initiatives fail to deliver. Leaders know they need a new playbook, but aren’t sure what exactly it should include.

A common reason for this failure, says Boston Consulting Group’s Jim Hemerling, is that leaders have approached transformation as a one-and-done proposition. “They mobilized people around change,” he says. “But when it was accomplished, everyone resumed business as usual.”

To compete and win in a rapidly evolving business environment, that approach won’t suffice. “Companies must become adept at pursuing multiple transformations–on an ongoing basis.” In other words, “always-on” transformation must become an integral part of their operating models.  

How can companies possibly pursue overlapping change initiatives on an ongoing basis?

It takes ‘head,

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NFL Week 5 early odds: Tom Brady puts improbable Thursday streak on the line, winless Falcons favored to win

If the Chicago Bears are going to win in Week 5, they’re going to have to do something they’ve never done: Beat Tom Brady. Right now though, the oddsmakers don’t seem to like the Bears’ chances of making that happen. 

In the early odds for Week 5, the Bears have opened as a 5.5-point underdog to the Buccaneers. When the game kicks off on Thursday, all eyes will be on Tom Brady, who actually has two impressive streaks going. 

The first streak relates to the fact that Brady is unbeatable on Thursday night. During his 20-year career, Brady has never lost a Thursday game that was played on short rest (Brady’s only Thursday loss came in Week 1 of the 2017 season). When you look at the short rest games, Brady is 10-0 straight-up and 8-2 ATS. 

Besides being undefeated in Thursday night games played on short rest, Brady has

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