Tallinn University of Technology

Interview with Prof Aaro Hazak was broadcast on Estonian Television news on 12 October 2020 to comment on the work of the 2020 Nobel Prize winners in economics Professor Paul Milgrom and Professor Robert Wilson.

Milgrom and Wilson received the award for their contribution to the auction theory and inventing new auction formats. According to Hazak, understanding the behavior of buyers significantly increases the probability that the resources that are being auctioned will be obtained by these participants who will use them in the best possible way.