Seminar of Yuri Lifshits “Dynamics of bilateral markets”

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Today we open the registration for the next seminar.

On Wednesday, December 23, 2009 , in the Yandex office on Samokatnaya as part of a series of seminars, "Information retrieval and analysis of data" will perform Yuri Lifshitz , a Yahoo! Research.

Topic: Dynamics of bilateral markets.

About what:

Imagine that you have several market squares. Every weekend, some buyers and some sellers come to each of them. Over time, sellers realize that it is better to trade in the market with the largest number of buyers. At the same time, buyers are gradually moving to the area with the largest number of sellers. This process is called the network effect. The same picture is observed on job sites, in contextual advertising systems and product search systems. We will consider two questions: how to predict the development of bilateral markets in time and how to invest efforts in the development of the site: when to give a discount to sellers, and when to focus on buyers? To answer these questions, we will construct a model based on stochastic differential equations.

You can ask questions to the speaker and discuss this topic in the Club .

The event starts at 18:30, registration opens at 18:00.

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