Tag Archives: Auctions

Answer to Test Your Intuition (22)

Posted on May 13, 2014 by

  Indeed, most people got it right! Bundling sometimes increases revenues, sometimes keeps revenues the same, and sometimes decreases revenues. In fact, this is an interesting issue which was the subject of recent research effort. So here are a few … Continue reading →

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Auction-based Tic Tac Toe: Solution

Posted on July 9, 2013 by

Reshef, Moshe and Sam The question: (based on discussions with Reshef Meir, Moshe Tennenholtz, and Sam Payne) Tic Tac Toe is played since anciant times. For the common version, where the two players X and O take turns in marking … Continue reading →

Posted in Games, Test your intuition | Tagged | 7 Comments

Test Your Intuition (21): Auctions

Posted on May 18, 2013 by

You run a single-item sealed bid auction where you sell an old camera. There are three bidders and the value of the camera for each of them is described by a certain (known) random variable: With probability 0.9 the value … Continue reading →

Posted in Economics, Games, Test your intuition | Tagged , , | 4 Comments