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4 Bayesian Approximation One of the most intriguing conclusions from the preceding chapter is that for i.i.d. regular single-item environments the second-price auction with a reservation price is revenue optimal. This re
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Document Date: 2017-07-28 06:04:18
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4 Bayesian Approximation One of the most intriguing conclusions from the preceding chapter is that for i.i.d. regular single-item environments the second-price auction with a reservation price is revenue optimal. This re