Acting Director of ESD, Director Designate of a new entity at MIT

Munther Dahleh is the new director of the Engineering Systems Division at MIT, and the director designate of a new unnamed entity; in addition to being the interim director of the Laboratory for Information and Decision Systems. He began his new positions with ESD and the unnamed entity on Dec. 1, 2013, stepping down from […]

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Volatility of Power Grids under Real-Time Pricing

In a recent paper, Roozbehani, Dahleh, and Mitter propose a framework for modeling and analysis of the dynamics of supply, demand, and clearing prices in a power system with real-time retail pricing and information asymmetry. They show that as new demand response technologies increase the price-elasticity of demand, current architecture under examination is likely increase […]

How Wise are Crowds?

In a paper to be published in the Review of Economic Studies, researchers from MIT’s Departments of Economics and Electrical Engineering and Computer Science have demonstrated that, as networks of people grow larger, they’ll usually tend to converge on an accurate understanding of information distributed among them, even if individual members of the network can […]