Auction Quiz - Statistics

General Stats
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  • The average score is 0 of 81
Answer Stats
Question Tile Select % Correct
English Auction An open, descending-price auction where the price starts high and falls until someone accepts it. No
0%
First Price Sealed Bid Auction An open, descending-price auction where the price starts high and falls until someone accepts it. No
0%
Vickrey auction (second price sealed bid) An open, descending-price auction where the price starts high and falls until someone accepts it. No
0%
Uniform Price-Auction An open, descending-price auction where the price starts high and falls until someone accepts it. No
0%
Dutch Auction An open, descending-price auction where the price starts high and falls until someone accepts it. Yes
0%
Simultaneous Multi-Round Action (SMR) An open, descending-price auction where the price starts high and falls until someone accepts it. No
0%
Combinatorial Auction An open, descending-price auction where the price starts high and falls until someone accepts it. No
0%
Vickrey Multi-Unit Auction An open, descending-price auction where the price starts high and falls until someone accepts it. No
0%
Package Auction An open, descending-price auction where the price starts high and falls until someone accepts it. No
0%
English Auction An public, open, ascending-price auction, highest bidder pays their bid and wins Yes
0%
First Price Sealed Bid Auction An public, open, ascending-price auction, highest bidder pays their bid and wins No
0%
Vickrey auction (second price sealed bid) An public, open, ascending-price auction, highest bidder pays their bid and wins No
0%
Uniform Price-Auction An public, open, ascending-price auction, highest bidder pays their bid and wins No
0%
Dutch Auction An public, open, ascending-price auction, highest bidder pays their bid and wins No
0%
Simultaneous Multi-Round Action (SMR) An public, open, ascending-price auction, highest bidder pays their bid and wins No
0%
Combinatorial Auction An public, open, ascending-price auction, highest bidder pays their bid and wins No
0%
Vickrey Multi-Unit Auction An public, open, ascending-price auction, highest bidder pays their bid and wins No
0%
Package Auction An public, open, ascending-price auction, highest bidder pays their bid and wins No
0%
English Auction Bidder has one private bid. The highest bidder wins, pays the second-highest bid. Truth telling doms No
0%
First Price Sealed Bid Auction Bidder has one private bid. The highest bidder wins, pays the second-highest bid. Truth telling doms No
0%
Vickrey auction (second price sealed bid) Bidder has one private bid. The highest bidder wins, pays the second-highest bid. Truth telling doms Yes
0%
Uniform Price-Auction Bidder has one private bid. The highest bidder wins, pays the second-highest bid. Truth telling doms No
0%
Dutch Auction Bidder has one private bid. The highest bidder wins, pays the second-highest bid. Truth telling doms No
0%
Simultaneous Multi-Round Action (SMR) Bidder has one private bid. The highest bidder wins, pays the second-highest bid. Truth telling doms No
0%
Combinatorial Auction Bidder has one private bid. The highest bidder wins, pays the second-highest bid. Truth telling doms No
0%
Vickrey Multi-Unit Auction Bidder has one private bid. The highest bidder wins, pays the second-highest bid. Truth telling doms No
0%
Package Auction Bidder has one private bid. The highest bidder wins, pays the second-highest bid. Truth telling doms No
0%
English Auction Bidders place bids on bundled items rather than only single items. Useful for complements, complex No
0%
First Price Sealed Bid Auction Bidders place bids on bundled items rather than only single items. Useful for complements, complex No
0%
Vickrey auction (second price sealed bid) Bidders place bids on bundled items rather than only single items. Useful for complements, complex No
0%
Uniform Price-Auction Bidders place bids on bundled items rather than only single items. Useful for complements, complex No
0%
Dutch Auction Bidders place bids on bundled items rather than only single items. Useful for complements, complex No
0%
Simultaneous Multi-Round Action (SMR) Bidders place bids on bundled items rather than only single items. Useful for complements, complex No
0%
Combinatorial Auction Bidders place bids on bundled items rather than only single items. Useful for complements, complex Yes
0%
Vickrey Multi-Unit Auction Bidders place bids on bundled items rather than only single items. Useful for complements, complex No
0%
Package Auction Bidders place bids on bundled items rather than only single items. Useful for complements, complex No
0%
English Auction Combinatorial auction where bidders bid on packages as single bundles. Joint values > sum separately No
0%
First Price Sealed Bid Auction Combinatorial auction where bidders bid on packages as single bundles. Joint values > sum separately No
0%
Vickrey auction (second price sealed bid) Combinatorial auction where bidders bid on packages as single bundles. Joint values > sum separately No
0%
Uniform Price-Auction Combinatorial auction where bidders bid on packages as single bundles. Joint values > sum separately No
0%
Dutch Auction Combinatorial auction where bidders bid on packages as single bundles. Joint values > sum separately No
0%
Simultaneous Multi-Round Action (SMR) Combinatorial auction where bidders bid on packages as single bundles. Joint values > sum separately No
0%
Combinatorial Auction Combinatorial auction where bidders bid on packages as single bundles. Joint values > sum separately No
0%
Vickrey Multi-Unit Auction Combinatorial auction where bidders bid on packages as single bundles. Joint values > sum separately No
0%
Package Auction Combinatorial auction where bidders bid on packages as single bundles. Joint values > sum separately Yes
0%
English Auction Each bidder submits one private bid without seeing others’ bids. Highest bidder wins, pays own bid. No
0%
First Price Sealed Bid Auction Each bidder submits one private bid without seeing others’ bids. Highest bidder wins, pays own bid. Yes
0%
Vickrey auction (second price sealed bid) Each bidder submits one private bid without seeing others’ bids. Highest bidder wins, pays own bid. No
0%
Uniform Price-Auction Each bidder submits one private bid without seeing others’ bids. Highest bidder wins, pays own bid. No
0%
Dutch Auction Each bidder submits one private bid without seeing others’ bids. Highest bidder wins, pays own bid. No
0%
Simultaneous Multi-Round Action (SMR) Each bidder submits one private bid without seeing others’ bids. Highest bidder wins, pays own bid. No
0%
Combinatorial Auction Each bidder submits one private bid without seeing others’ bids. Highest bidder wins, pays own bid. No
0%
Vickrey Multi-Unit Auction Each bidder submits one private bid without seeing others’ bids. Highest bidder wins, pays own bid. No
0%
Package Auction Each bidder submits one private bid without seeing others’ bids. Highest bidder wins, pays own bid. No
0%
English Auction Multiple auctions at same time over multiple rounds. Bidders switch across items as prices evolve No
0%
First Price Sealed Bid Auction Multiple auctions at same time over multiple rounds. Bidders switch across items as prices evolve No
0%
Vickrey auction (second price sealed bid) Multiple auctions at same time over multiple rounds. Bidders switch across items as prices evolve No
0%
Uniform Price-Auction Multiple auctions at same time over multiple rounds. Bidders switch across items as prices evolve No
0%
Dutch Auction Multiple auctions at same time over multiple rounds. Bidders switch across items as prices evolve No
0%
Simultaneous Multi-Round Action (SMR) Multiple auctions at same time over multiple rounds. Bidders switch across items as prices evolve Yes
0%
Combinatorial Auction Multiple auctions at same time over multiple rounds. Bidders switch across items as prices evolve No
0%
Vickrey Multi-Unit Auction Multiple auctions at same time over multiple rounds. Bidders switch across items as prices evolve No
0%
Package Auction Multiple auctions at same time over multiple rounds. Bidders switch across items as prices evolve No
0%
English Auction Multiple identical units. Winners pay same market-clearing price, highest lose bid or lowest win bid No
0%
First Price Sealed Bid Auction Multiple identical units. Winners pay same market-clearing price, highest lose bid or lowest win bid No
0%
Vickrey auction (second price sealed bid) Multiple identical units. Winners pay same market-clearing price, highest lose bid or lowest win bid No
0%
Uniform Price-Auction Multiple identical units. Winners pay same market-clearing price, highest lose bid or lowest win bid Yes
0%
Dutch Auction Multiple identical units. Winners pay same market-clearing price, highest lose bid or lowest win bid No
0%
Simultaneous Multi-Round Action (SMR) Multiple identical units. Winners pay same market-clearing price, highest lose bid or lowest win bid No
0%
Combinatorial Auction Multiple identical units. Winners pay same market-clearing price, highest lose bid or lowest win bid No
0%
Vickrey Multi-Unit Auction Multiple identical units. Winners pay same market-clearing price, highest lose bid or lowest win bid No
0%
Package Auction Multiple identical units. Winners pay same market-clearing price, highest lose bid or lowest win bid No
0%
English Auction Multi-unit extension second-price logic. Bidders bid for several units, pays opport. cost on others No
0%
First Price Sealed Bid Auction Multi-unit extension second-price logic. Bidders bid for several units, pays opport. cost on others No
0%
Vickrey auction (second price sealed bid) Multi-unit extension second-price logic. Bidders bid for several units, pays opport. cost on others No
0%
Uniform Price-Auction Multi-unit extension second-price logic. Bidders bid for several units, pays opport. cost on others No
0%
Dutch Auction Multi-unit extension second-price logic. Bidders bid for several units, pays opport. cost on others No
0%
Simultaneous Multi-Round Action (SMR) Multi-unit extension second-price logic. Bidders bid for several units, pays opport. cost on others No
0%
Combinatorial Auction Multi-unit extension second-price logic. Bidders bid for several units, pays opport. cost on others No
0%
Vickrey Multi-Unit Auction Multi-unit extension second-price logic. Bidders bid for several units, pays opport. cost on others Yes
0%
Package Auction Multi-unit extension second-price logic. Bidders bid for several units, pays opport. cost on others No
0%
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