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Lecture 18: Auctions
Description
MIT 14.12 Economic Applications of Game Theory, Fall 2025
Instructor: Ian Ball
View the complete course: https://ocw.mit.edu/courses/14-12-economic-applications-of-game-theory-fall-2025/
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In this lecture, Ian Ball continues the discussion on auctions, which analyze strategic bidding, where participants maximize payoffs based on their valuations and anticipated actions of others. He introduces two key formats; first-price and second-price.
License: Creative Commons BY-NC-SA
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