(Mostly math and physics) An ever-growing list of links, ranging from
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history.
Pure math saves money
"In the highly successful 1994 United States FCC auction of
broadcast frequency wavelengths, experts in mathematical game theory had
been consulted to carefully design the auction to maximize both the payoff
for the government as well as the utility of the purchased wavelengths for
buyers. By contrast, a similar New Zealand auction held without such
careful attention to design resulted in the government realizing only 15%
of the potential earnings, while the wavelengths were not efficiently
distributed (in one case, a student bought a TV license for one
dollar!)."
--source: Notices of the American Mathematical Society, Vol. 45,
number 10, 1998, p. 1331, paraphrasing from "A Beautiful Mind: A Biography
of John Forbes Nash, Jr." by Sylvia Nasar.
Last updated 12 August 2008 by Gordon Weinberg.
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