Dollar auction
The dollar auction is a non-zero sum sequential game explored by economist Martin Shubik to illustrate how a short-sighted approach to rational choice can lead to decisions that are, in the long-run, irrational.
Dollar auction - Wikipedia Jump to content From Wikipedia, the free encyclopedia Game illustrating paradox in rational choice theory Part of a series on Auctions Christie's</a>, circa 1808.","txt":"Auction Room, Christie's, circa 1808."}]]}'> Types All-pay Chinese Bidding fee Dollar Amsterdam Anglo-Dutch Barter double Best/not best Brazilian Calcutta Candle Click-box bidding Combinatorial Common value Deferred-acceptance Discriminatory price Double Dutch English Forward French Generalized first-price Generalized second-price Japanese Knapsack Multi-attribute Multiunit No-reserve Rank Reverse S
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