1. Asymmetric auctions Consider an interdependent-values auction with two bidders, each of whom observes an i.i.d uniform signal s; E [ 0, 1]. Bidder i' s valuation for the object is equal to
Instructors: Professor Eric Lander, Professor Robert A Weinberg, Dr. Claudette Gardel Friday 11/12/04 7.012 Quiz 3 Answers A>85 18% of test takers b 72-84 41% of test takers c 60-71 23% of test takers D 50-59 11.4% of test takers