Transcript
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Lance Fortnow
Northwestern University
Computation inEconomic Models
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If it is hard to computer an equilibrium than the market might not be getting there.
Complexity of Equilibrium
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Cannot compute the best strategiesLeads to different equilibrium
Using the assumed limited computational ability of opponents to our advantage.
Bounded Rationality
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Consumer Choices
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Computational Awareness
1808 Restaurants in Durham
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Secure Communication (E-Commerce)
Secure Computation (Cloud Computing)
Psuedorandomness (Mixed Strategies)
Cryptography
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Ability or Inability to learn, predict and adapt to opponents strategies
Provide tools and recommendations to consumers
Loss of privacy
Computational Learning
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Computation as Friction