Roommates' Dilemma (EC2261@UWO)
Channel: Bruno Salcedo
Date: 23/03/2020

Two roommates must decide whether to buy an expensive espresso machine and how to split the cost. If the roommate's willingness to pay for the machine is private information, then it is difficult to find an efficient mechanism to make this decision. 

These videos were prepared with very short notice due to the 2020 COVID-19 pandemic. As a result, there are some typos and minor mistakes. For example, at 0:04 I should have said a "classic Mechanism Design problem" instead of a classic "Prisoner's Dilemma problem". The video has very little to do with the Prisoner's Dilemma. 

Virtual Lectures for EC2261 at Western University. 

Find the corresponding lecture notes at http://brunosalcedo.com/2261.html