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Risk-Averse Bidders: Imagine an auction for a single item with n bidders whose valuations 6; are drawn uniformly from the interval [0, 1]. Assume that

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Risk-Averse Bidders: Imagine an auction for a single item with n bidders whose valuations 6; are drawn uniformly from the interval [0, 1]. Assume that the players are risk averse and that the utility to player i/ of type #; from winning the item at a price p is given by /6; p for p

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