Virtual valuation
id:
virtual-valuation-238-8563010
title:
Virtual valuation
text:
In auction theory, particularly Bayesian-optimal mechanism design, a virtual valuation of an agent is a function that measures the surplus that can be extracted from that agent. A typical application is a seller who wants to sell an item to a potential buyer and wants to decide on the optimal price. The optimal price depends on the valuation of the buyer to the item, v . The seller does not know v exactly, but he assumes that v is a random variable, with some cumulative distribution function F a
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Virtual_valuation
date created:
date modified:
2023-12-03T14:27:44Z
main entity:
{"identifier":"Q28401453","url":"https://www.wikidata.org/entity/Q28401453"}
image:
fields total:
13
integrity:
13