Why Paul Milgrom Won The Nobel Prize In Economics: Detroit Land Bank Authority & Technion - Auction Theory: "Don't Waste The Carcass"

Paul Milgrom was just awarded with the Nobel Prize in Economic for what is called Auction Theory.

Paul was born in Detroit.

Paul has a relationship with Technion in Israel.

Technion is a major player in the development of Predictive Modeling Crap for use in resegregation human asset management forfeiture databases for the maximization of revenues for those foreign Social Impact Bond programs through fake ass Public Private Partnerships, by pushing their Psychogroupies evolutionary psychology freaky ass ideas of using "The Poors" (always said with clinched teeth) to ultimately become one of those Noahide winners they like to promulgate throughout our institutions of learning and law, just so they do not waste any of their "forfeited for a civil debt" (a.k.a. poverty), carcass resources.

They call it Smart Cities.

Detroit was supposed to be a Smart City.

One of the examples was the use of auction for those who need kidneys to match with those who have kidneys, but no predictive modeling pareto optimizational use of that particular organ, in the maximization of revenues, just like what the Detroit Land Bank Authority is doing because it was set up by Donna "The Roach I Wish To Stomp, Shalala...the same roach who set up the Detroit Land Bank Authority, ASFA and Organ Registries.

I wonder if they are going to be using Tyler.

https://www.crai.com/sites/default/files/publications/Adverse-Selection-and-Auction-Design-for-Internet-Display-advertising.pdf

The importance of the auctions invented by the winners of the Nobel Prize in economics

Press release: The Prize in Economic Sciences 2020

English

English (pdf)

Swedish

Swedish (pdf)

12 October 2020

The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2020 to

Paul R. Milgrom

Stanford University, USA

Robert B. Wilson

Stanford University, USA

“for improvements to auction theory and inventions of new auction formats”

 

Their theoretical discoveries have improved auctions in practice

This year’s Laureates, Paul Milgrom and Robert Wilson, have studied how auctions work. They have also used their insights to design new auction formats for goods and services that are difficult to sell in a traditional way, such as radio frequencies. Their discoveries have benefitted sellers, buyers and taxpayers around the world.

People have always sold things to the highest bidder, or bought them from whoever makes the cheapest offer. Nowadays, objects worth astronomical sums of money change hands every day in auctions, not only household objects, art and antiquities, but also securities, minerals and energy. Public procurements can also be conducted as auctions.

Using auction theory, researchers try to understand the outcomes of different rules for bidding and final prices, the auction format. The analysis is difficult, because bidders behave strategically, based on the available information. They take into consideration both what they know themselves and what they believe other bidders to know.

Robert Wilson developed the theory for auctions of objects with a common value – a value which is uncertain beforehand but, in the end, is the same for everyone. Examples include the future value of radio frequencies or the volume of minerals in a particular area. Wilson showed why rational bidders tend to place bids below their own best estimate of the common value: they are worried about the winner’s curse – that is, about paying too much and losing out.

Paul Milgrom formulated a more general theory of auctions that not only allows common values, but also private values that vary from bidder to bidder. He analysed the bidding strategies in a number of well-known auction formats, demonstrating that a format will give the seller higher expected revenue when bidders learn more about each other’s estimated values during bidding.

Over time, societies have allocated ever more complex objects among users, such as landing slots and radio frequencies. In response, Milgrom and Wilson invented new formats for auctioning off many interrelated objects simultaneously, on behalf of a seller motivated by broad societal benefit rather than maximal revenue. In 1994, the US authorities first used one of their auction formats to sell radio frequencies to telecom operators. Since then, many other countries have followed suit.

“This year’s Laureates in Economic Sciences started out with fundamental theory and later used their results in practical applications, which have spread globally. Their discoveries are of great benefit to society,” says Peter Fredriksson, chair of the Prize Committee.

Illustrations

The illustrations are free to use for non-commercial purposes. Attribute ”© Johan Jarnestad/The Royal Swedish Academy of Sciences”

Illustration: Auctions (pdf)

Illustration: Winner’s curse (pdf)

Illustration: Auction frequencies (pdf)

Read more about this year’s prize

Popular science background: The quest for the perfect auction

Scientific Background: Improvements to auction theory and inventions of new auction formats

 

Paul R. Milgrom, born 1948 in Detroit, USA.

Ph.D. 1979 from Stanford University, Stanford, USA. Shirley and Leonard Ely Jr. Professor of Humanities and Sciences, Stanford University, USA.

Robert B. Wilson, born 1937 in Geneva, USA.

D.B.A. 1963 from Harvard University, Cambridge, USA. Adams Distinguished Professor of Management, Emeritus, Stanford University, USA.

 

The Prize amount: 10 million Swedish kronor, to be shared equally between the Laureates.

Further information: www.kva.se and www.nobelprize.org

Press contact: Eva Nevelius, Press Secretary, +46 70 878 67 63, eva.nevelius@kva.se

Experts: Tommy Andersson, +46 73 358 26 54, tommy.andersson@nek.lu.se, Tore Ellingsen, +46 70 796 10 49, tore.ellingsen@hhs.se, Torsten Persson, +46 79 313 39 04, torsten.persson@iies.su.se, Committee for the Prize in Economic Sciences in Memory of Alfred Nobel

---

The Royal Swedish Academy of Sciences, founded in 1739, is an independent organisation whose overall objective is to promote the sciences and strengthen their influence in society. The Academy takes special responsibility for the natural sciences and mathematics, but endeavours to promote the exchange of ideas between various disciplines.

Nobel Prize® is a registered trademark of the Nobel Foundation.

The following is an email from the fake ass Detroit Land Bank Authority and its practical use of auction "reuse" theory.

Hello,

 

You’re receiving this email because our records show you have purchased and rehabbed a home through Detroit Land Bank Authority’s Auction or Own it Now Program.

 

We’re reaching out today to inform you of new Land Reuse Programs DLBA is launching throughout the remainder of 2020! DLBA is partnering with City of Detroit’s Department of Neighborhoods to present on new, exciting programs like Neighborhood Lots, where residents will be able to purchase vacant lots within 500 feet of their home.

Zoom - Join Zoom Meeting

https://cityofdetroit.zoom.us/j/3631409738

Meeting ID: 363 140 9738#

Dial in

+1(929) 436-2866

+1(312) 626-6799

+1(346) 248-7799

 

Additional information can be found about Land Reuse Programs at buildingdetroit.org/land-reuse-programs/

 

Head to the Neighborhood Lots page and enter your home address to see if there are Neighborhood Lots listed in your area: https://buildingdetroit.org/sidelots/index/neighborhood/

 

Specific property inquiries can be directed to inquire@detroitlandbank.org

 

 

 

**This email is sent from an account we use for sending messages only. If you have questions, please do not reply directly. Submit general questions to inquire@detroitlandbank.org or to landreuse@detroitlandbank.org if they are questions regarding DLBA’s Land Reuse Programs. **

Voting is beautiful, be beautiful ~ vote.©

Ivanka Trump & Bill "Boo Boo" Barr Discussion On DOJ Human Trafficking Grants & Its New Silent Sub-recipient Grant Management - The Beginning To The End Of CAPTA & ASFA

Bill "Boo Boo" Barr was not very comfortable in discussing the transfer of funding and oversight of human trafficking grants to the DOJ Office of Victim Assistance, nor did he seem very excited about DHS escalating their activities in stopping the trafficking of tiny humans.

DOJ now has subrecipient grant management over the human trafficking grants, which means there is direct guidance and communication, unlike what goes on behind the iron curtain of child welfare, today.

https://alternativesforgirls.org/

I think the reason why Boo Boo had the Saddy Face was because it makes his job of covering up for the U.S. Conference of Catholic Bishops robust activities of trying to restructure their activities of trafficking tiny humans, simply for the fact that they are losing their hegemonic status over the administration of the residuals of the peculiar institution, most notably known as Foster Care and Adoption, which is the industry of human trafficking, because slavery was never abolished, due to the 13th Exception.

I wonder why Callista Gingrich was not in attendance?

But, I digress.

TRUMP Celebrates The End Of Trafficking Tiny Humans Month With A Summit - Meet The Human Traffickers

How is Boo Boo supposed to contemporaneously advise and advocate in the capacity of U.S. Attorney General, when it comes to his promulgating Corporate Parental Rights to foreign nations while, in the same breath, advising these same foreign nations on how to maximize revenues in the trafficking of tiny humans?

Newt Gingrich, PRWORA, ASFA & The Christians - The U.S. History Of Trafficking Tiny Humans - Happy Child Abuse Propaganda Month

Boo Boo has no excuse anymore to claim he did not know Detroit is the epicenter of human trafficking, thanks to Alternative For Girls testimony.

I am quite sure Boo Boo is catching heat because these DOJ grants are not going to his foreign interests - these DOJ grants are going to the people who are actually being trafficked - humans.

Those foreign corporations for which Boo Boo promulgates Corporate Parental Rights are losing their sustainability because they are not human.

There is life after foster care, but it is no longer a life of human trafficking.

Praise the lord.

On a side note, longer hair on Ivanka is very flattering.

#maytheheavensfall

MS-13 Members and Associates Arrested for Sex Trafficking a Minor

ALEXANDRIA, Va. – Eleven members or close associates of the MS-13 gang were arrested this week relating to the sexual exploitation and physical abuse of a minor in northern Virginia and Maryland.

“Sex traffickers often prey upon the most vulnerable victims in our society, and when combined with the horrific abuses of a gang like MS-13, the effects can be devastating,” said G. Zachary Terwilliger, U.S. Attorney for the Eastern District of Virginia. “I have personally handled the prosecution of MS-13 members in northern Virginia for over a decade, including for gang-controlled sex trafficking, and I have led meaningful outreach efforts with the Hispanic community in order to raise public awareness of these serious threats. As I’ve noted before, no one suffers more at the hands of MS-13 than other individuals of Central American birth or ancestry, and cases like this are proof of the need for community leaders to step up, acknowledge this reality, and work together to be part of the solution. I want to thank our law enforcement partners for conducting this complex investigation and arrest operation in a diligent and professional manner, and for their sustained commitment to eradicating MS-13 from our communities. These defendants are charged with heinous offenses, but are appropriately presumed innocent unless or until proven otherwise.”

According to court documents, in Aug. 2018, a 13-year-old identified as MINOR 2 ran away from a youth home in northern Virginia. Shortly after running away, MINOR 2 was introduced to members of MS-13. Members of the gang beat MINOR 2 26 times with a baseball bat as part of a gang initiation. Gang members then sex trafficked MINOR 2 in Virginia and Maryland using the currency of cash and drugs. While in Virginia, men lined up to have sex with her in a wooded area behind one target’s apartment complex. The men gave her drugs in exchange for sex. She also was harbored in various apartments in northern Virginia where men paid her and her handlers cash for sex.

“MS-13 is known for their violence and intimidation, but the horrific crimes alleged in this case show how their cruelty and depravity know no bounds,” said Robert E. Bornstein, Acting Special Agent in Charge of the FBI Washington Field Office Criminal Division. “The FBI and our community will not stand by while children are beaten, plied with drugs, and trafficked for sex. We will continue to work tirelessly with our law enforcement partners to disrupt violent gang activity and bring justice on behalf of the innocent victims on whom they prey.”

According to court documents, MINOR 2 was later beaten again with a bat 26 times. After the second bat beating, MINOR 2 was transported to Maryland, where she was sold to numerous gang members and other customers in exchange for cash. Law enforcement recovered photographs and videos of MINOR 2 while being sexually exploited, along with numerous social media messages regarding the trafficking and sexual exploitation of MINOR 2.

“Today’s arrests are a prime example of the commitment and dedication of local police officers and federal agents to safeguard northern Virginia against crime and violence,” said Edwin C. Roessler Jr., Chief of Fairfax County Police. “The Fairfax County police department will continue to use every resource and leverage the full weight of our agency and our federal partners to prevent violence by interdicting organized crime and holding alleged criminal street gangs accountable.”

Below is a list of individuals arrested in this operation:

Name, Age	Hometown	Charges
Moises Orlando Zelaya-Veliz, 25	Woodbridge, VA	Sex trafficking a minor victim under the age of 14 in or effecting interstate commerce (“Sex Trafficking of a Minor”) (18 U.S.C. §§ 1591(a)(1), (b)(1), (c) and 2)
Sioni Alexander Bonilla Gonzalez, 20	Woodbridge, VA	Sex Trafficking of a Minor (18 U.S.C. §§ 1591(a)(1), (b)(1), (c) and 2) and Violent Crime in Aid of Racketeering Activity through assault with a dangerous weapon (“VICAR Assault”) (18 U.S.C. §§ 1959(a)(3) and 2)
Carlos Jose Turicios Villatoro, 22	Woodbridge, VA	VICAR Assault (18 U.S.C. §§ 1959(a)(3) and 2)
Jose Eliezar Molina-Veliz, 20	Woodbridge, VA	Sex Trafficking of a Minor (18 U.S.C. §§ 1591(a)(1), (b)(1), (c) and 2)
Santos Ernesto Gutierrez Castro, 21	Woodbridge, VA	Sex Trafficking of a Minor (18 U.S.C. §§ 1591(a)(1), (b)(1), (c) and 2)
Luis Alberto Gonzales, 31	Greenbelt, MD	Sex Trafficking of a Minor (18 U.S.C. §§ 1591(a)(1), (b)(1), (c) and 2)
Reina Elizabeth Hernandez, 48	Hyattsville, MD	Sex Trafficking of a Minor (18 U.S.C. §§ 1591(a)(1), (b)(1), (c) and 2)
Nelson Ezequiel Caballero Portillo, 24	College Park, MD	Sex Trafficking of a Minor (18 U.S.C. §§ 1591(a)(1), (b)(1), (c) and 2)
Gilberto Morales, 31	Hyattsville, MD	Sex Trafficking of a Minor (18 U.S.C. §§ 1591(a)(1), (b)(1), (c) and 2)
Jonathan Rafael Zelaya-Veliz, 24	Hyattsville, MD	Sex Trafficking of a Minor (18 U.S.C. §§ 1591(a)(1), (b)(1), (c) and 2)
Orlando Alexis Salmeron Funez, 38	Riverdale, MD	Sex Trafficking of a Minor (18 U.S.C. §§ 1591(a)(1), (b)(1), (c) and 2)

If convicted, each defendant charged with sex trafficking of a minor faces a mandatory minimum sentence of 15 years in prison and a maximum penalty of life in prison, and each defendant charged with VICAR assault faces a maximum penalty of 20 years in prison if convicted of that offense. Actual sentences for federal crimes are typically less than the maximum penalties. A federal district court judge will determine any sentence after taking into account the U.S. Sentencing Guidelines and other statutory factors.

This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by U.S. Attorney’s Offices and the Child Exploitation and Obscenity Section (CEOS), Project Safe Childhood marshals federal, state, and local resources to better locate, apprehend, and prosecute individuals who exploit children via the internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit www.justice.gov/psc.

This case also is part of Project Safe Neighborhoods (PSN), which is the centerpiece of the Department of Justice’s violent crime reduction efforts. PSN is an evidence-based program proven to be effective at reducing violent crime. Through PSN, a broad spectrum of stakeholders work together to identify the most pressing violent crime problems in the community and develop comprehensive solutions to address them. As part of this strategy, PSN focuses enforcement efforts on the most violent offenders and partners with locally based prevention and reentry programs for lasting reductions in crime.

G. Zachary Terwilliger, U.S. Attorney for the Eastern District of Virginia; Robert E. Borstein, Acting Special Agent in Charge, Criminal Division, FBI Washington Field Office; Colonel Edwin C. Roessler Jr., Fairfax County Chief of Police; and Jarad L. Phelps, Chief of Prince William County Police, made the announcement. Assistant U.S. Attorneys Maureen C. Cain and Seth Schlessinger are prosecuting the case.

This case was investigated by the FBI Washington Field Office’s Child Exploitation and Human Trafficking Task Force, which is composed of FBI Agents and Task Force Officers from the Washington D.C. Metropolitan Police Department, the Fairfax County Police, the Arlington County Police, the Alexandria City Police, the Prince William County Police and other surrounding agencies. Investigative and tactical assistance has been provided by the Department of Homeland Security, Immigration and Customs Enforcement, Enforcement Removal Operations, the FBI Baltimore Field Office, FBI Norfolk Field Office, FBI Richmond Field Office, along with the Prince George’s County Police and the Montgomery County Police.

A copy of this press release is located on the website of the U.S. Attorney’s Office for the Eastern District of Virginia. Related court documents and information are located on the website of the District Court for the Eastern District of Virginia or on PACER by searching for Case No. 1:20-mj-215.

A criminal complaint is merely an accusation. Each defendant is presumed innocent until proven guilty.

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