{% extends "global/Page.html" %} {% load otree static %} {% block title %} 2nd Price Sealed-Bid Auction - Bid {% endblock %} {% block content %}
Every round, each player is assigned personal value for the item auctioned.
Simultaneously, each player places a bid not exceeding his/her value. All bids are sealed and not visible to other players.
The highest bidder wins, and receives the payoff equal to the difference between her/his personal value and
the SECOND highest bid, placed by a non-winner.
Non-winners receive zero payoff. Each round all players are randomly re-assigned to new groups.
Round | Your bid | Win? | 2nd highest bid |
---|---|---|---|
{{ p.round_number }} | {{ p.bid }} | {% if p.is_winner == True %}Yes{% else %}No{% endif %} | |
{{ g.second_hi_bid }} |