dollar auction
non-zero sum sequential game about auctioning a $1 bill with the rule that the 2nd-highest bidder also loses the bid amount; a paradox in which players make an ultimately irrational decision based on apparently rational choices
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dollar auction
Summary
dollar auction is a non-cooperative game[1]. It draws 83 Wikipedia views per month (non_cooperative_game category, ranking #1 of 1).[2]
Key Facts
- dollar auction is credited with the discovery of Martin Shubik[3].
- dollar auction's instance of is recorded as non-cooperative game[4].
- dollar auction's instance of is recorded as sequential game[5].
- dollar auction's instance of is recorded as non-zero-sum game[6].
- dollar auction's subclass of is recorded as auction[7].
- dollar auction's Freebase ID is recorded as /m/08xq_8[8].
- dollar auction's Microsoft Academic ID is recorded as 30937968[9].
Body
Designation and Status
Recorded instance of include non-cooperative game[4], sequential game[5], and non-zero-sum game[6].
Why It Matters
dollar auction draws 83 Wikipedia views per month (non_cooperative_game category, ranking #1 of 1).[2] It has Wikipedia articles in 10 language editions, a strong signal of global cultural recognition.[10] It is known by 8 alternative names across languages and contexts.[11]