Sealed bid auction, Game Theory

 

An auction during which bidders simultaneously submit bids to the auctioneer while not information of the number bid by different participants. Usually, the very best bidder (or lowest bidder in a very procurement auction) is said the winner.

 

Posted Date: 7/21/2012 5:06:56 AM | Location : United States







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

Write discussion on Sealed bid auction
Your posts are moderated
Related Questions
i have to make a tic tac toe game in matlab i dun have any idea what to do?

Scenario The French thinker, Jean Jacques Rousseau, presented the subsequent state of affairs. 2 hunters will either jointly hunt a stag (an adult deer and rather massive meal)

Scenario Two hooligans with one thing to prove drive at one another on a slender road. the primary to swerve loses faces among his peers. If neither swerves, however, a terminal

A sealed-bid second worth auction during which participants every simultaneously submit bids. The auctioneer discloses the identity of the very best bidder who is said the winner.

A trigger strategy sometimes applied to repeated prisoner's dilemmas during which a player begins by cooperating within the initial amount, and continues to cooperate till one defe

a) Define the term Nash equilibrium b) You are given the following pay-off matrix:   Strategies for player 1   Strategies for player 2

A practice analogous to price fixing in which auction members form a ring whose associates agree not to bid against each other, either by discarding the auction or by placing phony

A non-credible threat may be a threat created by a player in a very Sequential Game which might not be within the best interest for the player to hold out. The hope is that the thr

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

Experimental economics is bothered with utilizing laboratory experiments to realize understanding of how cognition, memory, and heuristics have an effect on behavior of individuals