gt_auction_optimal_bid
Compute your optimal bid in first-price, Vickrey, or English auctions given your valuation, competitor distribution, and risk aversion.
Instructions
Optimal bid for {first_price | second_price_vickrey | english_ascending}. Vickrey is truthful. First-price uses the BNE for symmetric IPV.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| auction_format | Yes | ||
| my_valuation | Yes | ||
| n_competing_bidders | Yes | ||
| competitor_value_prior | Yes | ||
| reserve_price | No | ||
| risk_aversion | No |