Paradox Of Escalation : bidding-Fee Auctions
Lasso, Mikko (2018)
Julkaisun pysyvä osoite on
In his 1971 study, Dr Martin Shubik, Seymour Knox Professor Emeritus of Mathematical Institutional Economics at Yale University introduces: “an extremely simple, highly amusing, and instructive parlor game which can be played at any party by arranging the auction of a dollar.” Dr. Shubik lectured the Nato Scientific committee in London 1964 about the game. The paradox of escalation auction method teaches a simple escalation, that Dr Shubik compares to military escalations between nations. On a global scale, the inter-nation tensions and escalations have significantly increased in recent times. The escalation is the most visible and loudest between president Trump and the dictator of North Korea. 2017 August - “Tension rises in war of words with US over North Korean threat to fire ballistic missiles near US Pacific territory of Guam”. Dr Shubik's dollar auction game was converted into computerized format in the beginning of the 20th century, however the method was digitized incorrectly and important commonsense auction initiation criteria was overlooked. I have successfully fixed and updated the digital version of the dollar auction game, and I have confirmed my discoveries by interviewing Dr. Shubik on May 16th, 2016. I have applied for patents to my new useful discoveries, and the patents have now been granted by United States Patent and Trademark Office, USPTO.