An example of [...]auction is an auction of art or collectibles. The value that each bidder places on an item is the value it has to him, and we assume that no bidder will bid more than that.
An example of [...]auction is an auction of art or collectibles. The value that each bidder places on an item is the value it has to him, and we assume that no bidder will bid more than that.
An example of [...]auction is an auction of art or collectibles. The value that each bidder places on an item is the value it has to him, and we assume that no bidder will bid more than that.
Answer
a private value
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Open it An example of a private value auction is an auction of art or collectibles. The value that each bidder places on an item is the value it has to him, and we assume that no bidder will bid mo
Original toplevel document (pdf)
owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p18
Summary
status
not learned
measured difficulty
37% [default]
last interval [days]
repetition number in this series
0
memorised on
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scheduled repetition interval
last repetition or drill
Details
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