Above is the game-tree for the dollar auction with bankroll of 3 units and stakes of 2 units. Next, proceed to the first step of the analysis to see what the optimum first bid should be.



    Janice Sklensky
    Wheaton College
    Department of Mathematics and Computer Science
    Science Center, Room 109
    Norton, Massachusetts 02766-0930
    TEL (508) 286-3973
    FAX (508) 285-8278
    jsklensk@wheatonma.edu


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