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Solving auctions with Python - part 1/2

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May 31, 2021
13:28

This video (and its 2nd part) explains how to solve numerically for the Bayes-Nash equilibrium of a first price sealed bid auction utilizing revenue equivalence in Python. It is a simulation-based approach to computing the expected payment that a bidder with her given valuation would have made in a 2nd price sealed bid auction and therefore bidding that.

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Solving auctions with Python - part 1/2 | NatokHD