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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 .

今日杂谈