The Research of Bidding Model Based on the Generalized Order Statistics

Chaohe Song

Abstract


In the Seller Bidding of order statistics bidding function, the expected deviation of the last non-winner’s price
and the winner’s price is a decrease function of the number of bidder. This paper analysis and know that the
expected deviation of the last non-winner’s price and the winner’s price decrease with the increasing of the
number of bidder on the Seller Bidding of the generalized order statistics.

Full Text: PDF DOI: 10.5539/jmr.v1n1p74

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This work is licensed under a Creative Commons Attribution 3.0 License.

Journal of Mathematics Research   ISSN 1916-9795 (Print)   ISSN 1916-9809 (Online)

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