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Auction theory is an applied branch of game theory which deals with how people act in auction markets and researches the game-theoretic properties of auction markets. There are many possible designs (or sets of rules) for an auction and typical issues studied by auction theorists include the efficiency of a given auction design, optimal and equilibrium bidding strategies, and revenue comparison. Auction theory is also used as a tool to inform the design of real-world auctions; most notably auctions for the privatisation of public-sector companies or the sale of licenses for use of the electromagnetic spectrum. General IdeaAuctions take many forms but always satisfy two conditions: (i) They may be used to sell any item and so are universal, also (ii) The outcome of the auction does not depend on the identity of the bidders; i.e., auctions are anonymous. Most auctions have the feature that participants submit bids, amounts of money they are willing to pay. Standard auctions require that the winner of the auction is the participant with the highest bid. A nonstandard auction does not require this (e.g. a lottery). From Wikipedia under the
GNU Free Documentation License Would you consider this an eBay scam? Q. A lot of my close friends and I use eBay on a pretty regular basis, mostly to buy electronics from Hong Kong. I always bid at the last second, but everybody has those times where they can't be at the computer when an auction ends, and since I don't trust my Blackberry anymore to bid (it lags sometimes), I place my max bid before I leave. Lately I've notice, my friends have as well (especially with "power sellers"), that I'll get outbid and get offered a "Second Chance Offer". I conducted an experiment of sorts, and bid a ridiculous amount for a hard drive. I think I bid 130 bucks for a hard drive that was selling for around 43 bucks.. Note this was a situation where the same "power seller" had many multiple identical listings for the… [cont.] Asked by The Ace Of Spades - Fri Sep 4 00:49:18 2009 - - 3 Answers - 0 Comments A. lol i noticed the same thing so i turned down the second chance offer. if it doesnt feel right dont bid or buy. Answered by KJ (Lakers in 7) - Fri Sep 4 01:22:11 2009 What do you think of these lyrics? Q. "In The USA" Political favor and mass production Breast enhancements and reductions Your very soul is up for auction In the USA Teenagers out killing and dieing Mothers and fathers at home crying The whole experience glorified in In the USA Companies put their workers on the street So that they can go overseas Go where they can pay people pennies Companies from the USA People brought up to believe that This worldwide symbol of greed is a glorious home of the free in In the USA Armies spread the world wide For the nationalistic theory of "mine" For our wealth others must die Bullets and bombs from above, sent with love, from- the USA The USA The USA The US The USA "Broken World" Don't look at the bright side and don't be a… [cont.] Asked by hXc sXe - Wed Apr 15 12:01:56 2009 - - 6 Answers - 1 Comments A. this is actually quite good, for lack of a better term. did you write these? i like the both, but the first has the most songlike rhythm, which i assume that's what there will be...they're political and very expressive, understandably for such times as these, and you're right. we're all ridiculously messed up right about now ad it's no wonder all the other countries in the world look down upon us. the majority of our politicians are narrow-minded bureaucrats who're just saying what they're hear/understand will line their pockets nicely when it's all said and done. but anyway, yes. I agree with your lyrical sentiments and i like 'em...and i'm sure there've gotta be more people than just me who'd like to hear more from you... Answered by fall_out_worm - Wed Apr 15 12:13:48 2009 What do you think of these lyrics?
Q. Political favor and mass production Breast enhancements and reductions Your very soul is up for auction In the USA Teenagers out killing and dieing Mothers and fathers at home crying The whole experience glorified in In the USA Companies put their workers on the street So that they can go overseas Go where they can pay people pennies Companies from the USA People brought up to believe that This worldwide symbol of greed is a glorious home of the free in In the USA Armies spread the world wide For the nationalistic theory of "mine" For our wealth others must die Bullets and bombs from above, sent with love, from- the USA The USA The USA The USA The USA Asked by hXc sXe - Tue Apr 14 02:43:48 2009 - - 3 Answers - 0 Comments A. They're pretty good. Maybe people will hear them and wake up to themselves. Answered by --K a t i e-- - Tue Apr 14 02:50:42 2009 From Yahoo Answer Search: "Auction theory"
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