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In an English auction, the dominant strategy is to |bid until the price is under your value | In equilibrium, the winning bidder will believe

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In an English auction, the dominant strategy is to |bid until the price is under your value | In equilibrium, the winning bidder will believe the i N 1al to the bid until the price is above your value bid when the price is equal to your value bid until the price is under your value bid when the price is higher than your value In an English auction, the dominant strategy is to I:l In equilibrium, the winning bidder will believe the item to have :I and will pay a price equal to the no value the lowest value the highest value In an English auction, the dominant strategy is to |:| In equilibrium, the winning bidder will believe the item to have |:| and will pay a price equal to the . highest bidder lowest bidder second-highest bidder

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