Todo List
- [ ]
Done List
杂记
今日感悟
The Revenue Equivalence Theorem simply says all the auctions we have the equivalent revenue. It’s only for expectation.
在这里大家都 share 一个相同的
If you have a higher Virtual Valuation, you would have a higher probability. Since it is an increasing function, thus the good would be allocated to the person with highest valuation. But, if , thus , thus it’s possible that .
p24: Allocate to the “fake buyer” which is myself. The thing that changes is the .