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2759脑筋急转弯中等derivationmedium

Applying the First-Price Reserve Formula

题目

In the two-bidder first-price auction with reserve from the previous question, take r=0.5r=0.5. What is the equilibrium bid of a bidder with value 0.80.8, and what is that bidder's expected utility?

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你的答案

equilibrium bid

expected utility