How to bid in an auction – with Paul Papayoanou
In this episode, we discuss with Paul Papayoanou his real life experience as a consultant applying Game Theory. Paul has worked on over 150 engagements using his expertise. In our discussion we especially focus on Paul’s experience in consulting bidders participating in auctions. Paul shares how he prepares his clients when they enter an auction and what makes a good bidding strategy. Paul Papayoanou is a consultant for all things Game Theory and author of the book "Game Theory for Business: A Primer in Strategic Gaming". He has worked as a professor at the University of California San Diego and at Harvard University, and currently is a Senior Advisor with Decision Frameworks, a boutique consultancy based in Houston, Texas that serves clients worldwide.