photography projects for students

As a young boy in York, Nebraska, Stanford economist Robert Wilson and his friends would sometimes go watch the Saturday morning cattle auctions held near his childhood home and watch the farm animals be sold off, one by one.

Robert Wilson and Paul Milgrom on the morning of Oct. 12, the day they received the 2020 Nobel Memorial Prize in Economic Sciences (Image credit: Andrew Brodhead)

“Us kids would just go over and sit in the bleachers. A cow would be pulled in and stand there while an oral, ascending auction of subsequent bids was conducted until the auctioneer declared the cow sold,” recalled Wilson, whose scholarship in auction theory and design earned him and his Stanford colleague and former graduate student Paul Milgrom the 2020 Nobel Memorial Prize in Economic Sciences.

Wilson didn’t know it then, but the types of auctions he witnessed as a child are what economists call an English auction. These are the kinds of auctions most of us are familiar with, as they’re used to sell everything from artwork and antiques to memorabilia, but they’re only one among many auction designs that Wilson and Milgrom studied.

Together, the pair have explored how different auction designs

Today, The Education Recovery Scorecard, a collaboration with researchers at the Center for Education Policy Research at Harvard University (CEPR) and Stanford University’s Educational Opportunity Project, released the first comparable view of district-level learning loss during the pandemic using the recently released 2022 NAEP data, and states who have publicly reported their district proficiency rates on their Spring 2022 assessments. These interactive district-level maps include data from 29 states (plus DC) — where the necessary data was available.

CEPR Faculty Director Thomas J. Kane and Sean Reardon, professor of poverty and inequality in education at Stanford University and director of the Educational Opportunity Project have used the 2022 NAEP scores to make state assessment results comparable. The new research, found on educationrecoveryscorecard.orgalso incorporates data on weeks remote and the federal recovery dollars (ESSER) received per district, equipping state and local leaders with the information they need to re-calibrate their current recovery plans.

“The pandemic was like a band of tornadoes that swept across the country,” said Kane. “Some communities were left relatively untouched, while neighboring schools were devastated. The Education Recovery Scorecard is the first high-resolution map of the tornadoes’ path to help local leaders see the magnitude of

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The bid picture: Nobel prize winners explain auction theory, collaboration

District-Level Learning Loss Data Evaluated