Virtual Laboratory on Simulation and Gaming
Simulation of Auction Markets
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Home
Theory
Problem Description
Simulation flowchart
Procedure
Power Point Tutorial
Simulator
Reference
Assignment
Self Evaluation
Feedback
Module Learning Objectives:
To understand the purpose and importance of auctions in real life
To understand the phenomena of
winner's curse and bidder competition
.
To learn the basics of
Simulation
To apply the simulation procedure to auctions and validate above phenomena
Module Assignment:
First go through the theory thoroughly
Click on the Simulator option and conduct the experiment
Complete the on-line quiz to evaluate your learning
