Game Theory 101: The Complete Textbook on Amazon: https://www.amazon.com/Game-Theory-101-Complete-Textbook/dp/1492728152/
http://gametheory101.com/courses/game-theory-101/
Second price auctions award the good to the winner at the price of the second highest bidder. Interestingly, players can bid their true value for the good in equilibrium.
Continue this lesson in the app
Install CourseHive on Android or iOS to keep learning while you move.
