How Much to Pay a Spy (and a lil' more auctions)

A few small encores on auction theory, and then--how can you value a piece of information before you know what it is? Decision theory has some pointers. Some highly relevant information if you are trying to figure out how much to pay a spy. Relevant links: https://tuecontheoryofnetworks.wordpress.com/2013/02/25/the-origin-of-the-dutch-auction/ http://www.nowozin.net/sebastian/blog/the-fair-price-to-pay-a-spy-an-introduction-to-the-value-of-information.html

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