Gaming and Strategic decisions An Example: How to buy a dollar bill 1) Auction a dollar bill 2) Highest bidder receives the dollar in return for the amount bid Game Theory 西南民族大学 Slide 8Game Theory 西南民族大学 Slide 8 Gaming and Strategic Decisions ◼ An Example: How to buy a dollar bill 1) Auction a dollar bill 2) Highest bidder receives the dollar in return for the amount bid