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#1
Feb 15 2019 03:24pm
Need help with the following:

Consider a sealed bid first price auction with 2 players in which the valuation of each of the players is best described by a uniform distribution on [10, 25].
a. Identify a Nash Equilibrium
b. Show that this strategy profile is indeed a Nash Equilibrium

I'm pretty sure a) is

But I have no clue how to do b.

I know how to do it for [0,b], but for [a,b] I'm struggling
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#2
Feb 16 2019 03:57pm
Quote (Jynthe @ Feb 16 2019 10:24am)
Need help with the following:

Consider a sealed bid first price auction with 2 players in which the valuation of each of the players is best described by a uniform distribution on [10, 25].
a. Identify a Nash Equilibrium
b. Show that this strategy profile is indeed a Nash Equilibrium

I'm pretty sure a) is https://i.imgur.com/3xz2L5y.png

But I have no clue how to do b.

I know how to do it for [0,b], but for [a,b] I'm struggling


Are you studying finance now baby? Last I heard you were studying supply chain logistics or something pointless like that.
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Posts: 67,180
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#3
Feb 16 2019 05:31pm
Quote (dbutiki @ 16 Feb 2019 23:57)
Are you studying finance now baby? Last I heard you were studying supply chain logistics or something pointless like that.



:(

This is from game theory with applications to supply chain management
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