links for 2011-01-05

  • 10x programming ability may be a myth, in the industry at least. My first reaction is "then why is everyone so desperate to hire?" Maybe a smaller group of developers that are well rounded.
  • The airline would like to achieve the efficient allocation without leaving you this consumer’s surplus.  That is impossible in a spot-auction because the airline can never know exactly how much you are willing to pay and charge you that. But a hybrid pricing mechanism can implement the efficient allocation and capture all the surplus it generates.  And this hybrid pricing mechanism entails overbooking followed by a departure-day auction to sell back excess tickets.

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