ORIE 6180

The Design of Online Marketplaces

Course Description

Course information provided by the Courses of Study 2015-2016.

New online marketplaces are profoundly altering our social and economic interactions. They enable unprecedented levels of monitoring and control over their participants; the complexity of their underlying functions results in the platforms and their participants interacting in intricate and subtle ways; finally, many online marketplaces are reaching scales where small design changes can have a huge impact on their performance. In this course, we will: (i) look at several important online marketplaces, and highlight their unique economic and operational challenges, and (ii) develop stochastic models that provide a principled way to reason about their operations.

When Offered Spring.

Prerequisites/Corequisites Prerequisite: ORIE 6500 or equivalent.

Comments Prior exposure to game theory/microeconomics is useful, but not essential.

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