The main difference between a first price auction and a second price auction is the price paid by the highest bidder.
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Q1: A sealed bid auction refers to auctions
Q3: A Nash Equilibrium is a set of
Q4: There are some auctions for which overbidding
Q5: There are two players in a second
Q6: When an experimenter randomly assigns valuations to
Q7: Suppose John and Adam are bidding in
Q8: Risk aversion may increase the equilibrium bids
Q9: In the laboratory, it has been shown
Q10: When behavioral economists observe the "anchoring and
Q11: If I overbid in an auction, then
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