Minimum bid, Game Theory

 

A minimum bid is that the smallest acceptable bid in an auction. a gap bid, the primary bid placed within the auction, should be a minimum of as high because the minimum bid or the item remains unsold. not like a reserve worth, a minimum bid is usually known to the auction participants and canot amendment over the course of the auction.

 

Posted Date: 7/21/2012 4:32:30 AM | Location : United States







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