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Today I learned about the Vickrey Auction (and related auction strategies such as https://en.wikipedia.org/wiki/Vickrey%E2%80%93Clarke%E2%80%93Groves_auction ht
by pmarreck 7y ago
Today I learned about the Vickrey Auction (and related auction strategies such as https://en.wikipedia.org/wiki/Vickrey%E2%80%93Clarke%E2%80%93Groves_auction https://en.wikipedia.org/wiki/Vickrey%E2%80%93Clarke%E2%80%9... and https://en.wikipedia.org/wiki/Generalized_second-price_auction https://en.wikipedia.org/wiki/Generalized_second-price_aucti... (which is used by Google AdWords!)