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Tag Archives: Auctions
Answer to Test Your Intuition (22)
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
Posted in Economics, Test your intuition
Tagged Auctions, Noam Nisan, Sergiu Hart, Test your intuition
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Auction-based Tic Tac Toe: Solution
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
Test Your Intuition (21): Auctions
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 Auctions, Roger Myerson, Test your intuition
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