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Ben Li-Sauerwine's Notebook: Nash Equilibrium in the Sealed-Bid Senior Auction
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Ben Li-Sauerwine's Notebook: Nash Equilibrium in the Sealed-Bid Senior Auction
SOLVED: (b) Consider an auction of a single object with N symmetric;, risk- neutral bidders whose private valuations Vi; i € 1, N are indepen- dent draws from a given distribution F