Class 21: Bidding Strategy and Simulation What is a “bidding strategy”? –System of determining what to bid –For example: signal with winner’s curse subtracted.
Strategy 1-Bid $264.9M - Bid your signal. What will happen? Give reasoning for your analysis Had all companies bid their signals, the losses would have.
Hedge with an Edge An Introduction to the Mathematics of Finance Riaz Ahmed & Adnan Khan Lahore Uviersity of Management Sciences Monte Carlo Methods.
Class 21: Bidding Strategy and Simulation
