(AGT10E1) [Game Theory] Auction Theory: The Introduction
In this episode I provide a brief introduction to auction theory. I talk about open bid auctions, such as ascending-bid auction (English auction) and descending-bid auction (Dutch auction), sealed bid auctions such as first price auction, second price auction (Vickrey auction), third price auction and all-pay auction.
It's crucial to watch lecture videos in the proper order to ensure effective learning. This is because the concepts in each video build upon those introduced in previous videos. To help you with this, I recommend visiting my website, www.selcukozyurt.com, for a recommended course outline.