So I have the following question, dont have much info on class notes and not sure how to tackle it, any suggestions, any help?
A seller has a single item for sale (which she values at zero). There are two potential buyers. The seller decides to use the following auction format to sell the object: each bidder submits a sealed ...
Game theory stuffs usually provide how a "game" works and then tries to figure out solutions - but I am wondering if there is any research field dedicated to estimating the full rules of a game. So ...
This may be a silly question, but I cannot figure out a convincing (to myself) answer to it. Suppose that you want to buy a new car. Let $v$ be the value you attach to the car. Before visiting the ...