Consider the 2nd-price sealed-bid auction, with commonly known values, and 5 bidders who have valuations v₁ = 8, V₂ = 7, V3 = 5, U4 = 4, 05 1. If two or more agents are tied, the object goes to the agent with the lowest index (e.g., if agents 2, 3, 5 are tied, the object goes to agent 2.) Which of the following profiles of bids are equilibria? Select one or more: a. (6, 7, 5, 4, 1). b. c. d. e. = f. (7,7, 5, 4, 1)✔ (1, 1, 1, 1, 8).' (6,6, 0, 0, 0). (8, 7, 5, 4, 1)✔ (7,7, 0, 0, 0)
Consider the 2nd-price sealed-bid auction, with commonly known values, and 5 bidders who have valuations v₁ = 8, V₂ = 7, V3 = 5, U4 = 4, 05 1. If two or more agents are tied, the object goes to the agent with the lowest index (e.g., if agents 2, 3, 5 are tied, the object goes to agent 2.) Which of the following profiles of bids are equilibria? Select one or more: a. (6, 7, 5, 4, 1). b. c. d. e. = f. (7,7, 5, 4, 1)✔ (1, 1, 1, 1, 8).' (6,6, 0, 0, 0). (8, 7, 5, 4, 1)✔ (7,7, 0, 0, 0)
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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Question
![Consider the 2nd-price sealed-bid auction,
with commonly known values, and 5 bidders
who have valuations vi = 8, v2 = 7, v3 = 5,
v4 = 4, v5 = 1. If two or more agents are tied,
the object goes to the agent with the lowest
index (e.g., if agents 2, 3, 5 are tied, the object
goes to agent 2.) Which of the following
profiles of bids are equilibria?
Select one or more:
а.
(6, 7, 5, 4, 1).
O b. (7,7,5, 4, 1)▼
O C.
(1, 1, 1, 1, 8).'
d. (6, 6,0, 0, 0).
e. (8, 7, 5, 4, 1)
е.
f.
(7,7, 0, 0, 0)▼](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8ffc444f-39e4-4a55-9844-194d85c7510b%2F4afb9704-6ceb-42c7-b20c-45135bed9578%2Fh6bd7c_processed.png&w=3840&q=75)
Transcribed Image Text:Consider the 2nd-price sealed-bid auction,
with commonly known values, and 5 bidders
who have valuations vi = 8, v2 = 7, v3 = 5,
v4 = 4, v5 = 1. If two or more agents are tied,
the object goes to the agent with the lowest
index (e.g., if agents 2, 3, 5 are tied, the object
goes to agent 2.) Which of the following
profiles of bids are equilibria?
Select one or more:
а.
(6, 7, 5, 4, 1).
O b. (7,7,5, 4, 1)▼
O C.
(1, 1, 1, 1, 8).'
d. (6, 6,0, 0, 0).
e. (8, 7, 5, 4, 1)
е.
f.
(7,7, 0, 0, 0)▼
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