{% extends "global/Page.html" %} {{ block title }} Game 1 {{ endblock }} {% block content %}
Instructions:

For the next {{Constants.num_rounds_FPSB}} rounds you will participate in an auction for a fictitious product against nine computerized bidders (10 bidders total including you). In each round, each bidder will receive a randomly assigned value for the product, which is drawn between 0 and 100, each integer in that range equally likely. You will know your own private value of the product, but not the value of the other bidders. Each computerized bidder will bid in a way to maximize their average profits. The winner is the player with the highest bid.

Your decision is to enter your bid.



If you win the auction, you earn Profit = Value - Bid
If you lose he auction, you earn a profit of zero.
{% next_button %} {% endblock %}