Reserve worth , Game Theory

 

A reserve worth is that the minimum acceptable bid in an auction. If no bidder submits a bid higher than the reserve worth, the auctioneer keeps the item offered for sale. Alternately, in procurement auctions, a reserve worth is that the most acceptable bid. not like a minimum bid, a reserve worth might or might not be disclosed to the bidders and should amendment over the course of the auction.

 

Posted Date: 7/21/2012 5:04:25 AM | Location : United States







Related Discussions:- Reserve worth , Assignment Help, Ask Question on Reserve worth , Get Answer, Expert's Help, Reserve worth Discussions

Write discussion on Reserve worth
Your posts are moderated
Related Questions
A proxy bidder represents the interests of a bidder not physically gift at the auction. Typically, the bidder can inform his proxy of the most quantity he's willing to pay, and als

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

When players interact by enjoying an identical stage game (such because the prisoner's dilemma) varied times, the sport is termed an iterated (or repeated) game. not like a game pl

A pure strategy defines a selected move or action that a player can follow in each potential attainable state of affairs in a very game. Such moves might not be random, or drawn fr

please compute this number 885 for the swertres lotto game.

A multiunit auction that during which within which  each winning bidder pays a unique worth which depends on the particular bid placed by every winning participant. Alternatively,

One of the foremost common assumptions created in game theory (along with common information of rationality). In its mildest kind, rationality implies that each player is motivated

A method by that players assume that the methods of their opponents are randomly chosen from some unknown stationary distribution. In every amount, a player selects her best respon

A type of trigger strategy sometimes applied to the repeated Prisoner's Dilemma during which a player responds in one amount with identical action her opponent utilized in the last

the first three words are ''''the boys'' down''''. what are the last three words?