Assignment

Assignment 1

Ankit wants to sell his old mobile online. He hope to get Rs.3500 for the old mobile. He decides to list it for 100 minutes for bidding. He wants the auction to start from Rs.1000 with a minimum increment of Rs.100. Assuming there are 40 artificial agents and you. run the simulation process to see the simulation results and understand the winner's curse.

Assignment 2

Ankit wants to sell his old mobile online. He hopes to get a big sum of money for this mobile. He decides to list it for 100 minutes for bidding. He is not sure the auction to start from what value. But wants the min. increamnet to be Rs.100. Assuming there are 40 artificial agents. suggest Ankit the right base price from which he should start the auction.

Assignment 3

Ankit wants to sell his old mobile online. He hopes to get a big sum of money for this mobile. He decides to list it for 100 minutes for bidding. He is not sure about the minimum increment that he should provide for the auction. But wants the auction to start from Rs.1000. Assuming there are 40 artificial agents. Suggest Ankit the right value of minimum increment from which he should start the auction.