William R. Miller on Motivational Interviewing and Quantum Change
William R. Miller, PhD, the Emeritus Distinguished Professor of Psychology and Psychiatry at the University of New Mexico presented the 2014 Ruth Knee Lecture on Spirituality and Social Work at the University of Chicago School of Social Service Adminis...
Midway Market Design Workshop: Tick-Size Constraints, High Frequency Trading and Liquidity
Mao Ye observes that tick price regulation causes different relative tick sizes at differently priced stocks. He suggests that there may be a causal relationship between high-speed competition at large relative tick size. Thus high frequency traders ha...
Midway Market Design Workshop: Need for Speed? Exchange Latency and Market Quality
This talk examines the benefits of speeding up high-frequency trading on financial exchanges. The authors found that increasing the speed of exchange does not necessarily improve liquidity. It did cause traders to increase the spread at which they were...
Midway Market Design Workshop: Double Auction with Interdependent Values
Fuhito Kojima proposes a new double auction mechanism to address incompatible incentives that sometimes lead to inefficient outcomes. Their mechanism - the "groupwise price mechanism" - satisfies both approximate efficiency and incentive compatibility.
Midway Market Design Workshop: Strategy-Proofness, Investment Efficiency and Marginal Returns
John Hatfield examines how market mechanisms affect the level of investment before participants formally enter the market. They offered the example of ex ante investment in human capital induced by later entrance into the labor market. The researchers ...
Midway Market Design Workshop: Pragmatic Algorithmic Game Theory
Kevin Leyton-Brown’s work suggests that algorithmic game theorists may not be using the best theoretic tools for addressing complex realistic problems. He proposes two pragmatic tools for such uses.
Midway Market Design Workshop: Semi-Robust Estimation and Redesign of Manipulable School Choice Mechanisms
Sam Hwang attempts to use moment inequalities to determine if Seoul's school choice mechanism for children entering high school might be altered to yield greater levels of total welfare. Seoul's mechanism is partially revealed and non-strategyproof, so...
Midway Market Design Workshop: Inverse Optimization for the Recovery of Market Structure from Market Outcomes
Michael Pavlin proposes a methodology for using inverse optimization to reconstruct the pricing mechanism and distribution of market power using location prices in commodity markets. Pavlin applies his method to the Midcontinent Independent Service Ope...
College Diploma Ceremony, Spring 2014 - The University of Chicago
The Spring 2014 College Diploma Ceremony was held on the Main Quadrangle on June 14, 2014. President Robert J. Zimmer offered opening remarks, followed by Provost Eric D. Isaacs' introduction of the three student speakers chosen by their classmates and...
The 519th Convocation, University Ceremony - The University of Chicago
The University Ceremony of the 519th Convocation of the University of Chicago was held on June 14, 2014, on the Main Quadrangle. The University of Chicago Pipe Band led distinguished faculty and graduating students in a procession, followed by opening ...