Absolute auction, Game Theory


A general term for an English auction in which there is no reserve price, guaranteeing that the object will be sold to the highest bidder regardless of the quantity of the bid.


Posted Date: 7/21/2012 5:21:47 AM | Location : United States

Related Discussions:- Absolute auction, Assignment Help, Ask Question on Absolute auction, Get Answer, Expert's Help, Absolute auction Discussions

Write discussion on Absolute auction
Your posts are moderated
Related Questions
A zero add game may be a special case of a continuing add game during which all outcomes involve a add of all player's payoffs of zero. Hence, a gain for one participant is usually

(a) Draw a table representing the Prisoner?s Dilemma game. (b) Give a story inspired by real life for the prisoner?s dilemma game that is di¤erent from the story about the two crim

if the first three words are "the boy''s down" what are the last three words?

A type of initial worth auction during which a "clock" initially indicates a worth for the item for sale substantially beyond any bidder is probably going to pay. Then, the clock g

What do you study about the saving, investment spending and financial system? Savings, Investment Spending, and the Financial System: 1. The correlation between savings and

can i analyse all games under trigger strategies or it''s possible just for prisoners dilemma?

Equilibrium payoffs are (2, 3, 2). Player A’s equilib- rium strategy is “N and then N if b follows N or N if d follows N” or “Always N.” Player B’s equilibrium strategy is “b if N

Two individuals (i ∈ {1, 2}) work independently on a joint project. They each independently decide how much e ort ei they put. E ort choice has to be any real number between 0 and

GAME Adding Numbers—Lose If Go to 100 or Over (Win at 99)   In the second ver- sion, two players again take turns choosing a number be- tween 1 and 10 (inclusive), and a cumulati

consider the three player game in question 2 in assignment 1. Assume now that player 3 moves first. Players 1 and 2