Zero Sum Games
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I think he's talking about the model of some online retailers, such as www.mobshop.com. With more buyer participate, the price will drop according to some rule. So for a buyer, he has to determine when to come in and for a seller, he has to design the optimal setup, such as initial price, rule of price dropping, etc. [Manage messages]
Can you clearify some of the confusion in your description of the issue? I put my question in the <> in your original text.
The issue involves a series of transactions that are [View full text and thread]
I was greatly impressed by your web page. I found it while trying to research an issue that I believe is applicable to game theory... I'm trying to find an applicable model that I can research further and would appreciate some [View full text and thread]
|05/11/2000 03:54 PM by name withheld; Kindly request direction on applying game theory to bidding/reverse auction model.|