We discuss a different kind of auction: the second price auction. It resolves many of the problems of the usual auctions, but the game is played a little differently.

Pod Paper Scissors

Liz Landau and Ben Klemens

The Bidding Bug

MAY 8, 202116 MIN
Pod Paper Scissors

The Bidding Bug

MAY 8, 202116 MIN

Description

We discuss a different kind of auction: the second price auction. It resolves many of the problems of the usual auctions, but the game is played a little differently.

<a href="https://podpaperscissors.com/transcripts/17-2nd_price.html">Full transcript on our web site.</a>