Exercise 13.1: Auction Forensics
- Due May 12, 2022 at 3:30pm
- Points 20
- Questions 2
- Available May 12, 2022 at 12pm - May 12, 2022 at 5pm 5 hours
- Time Limit None
Instructions
Setup:
- two bidders, U[0, 1] values, first-price auction
- bids are b1 = 0.1 and b2 = 0.2
Questions: What are the values
- of bidder 1?
- of bidder 2?
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