Consider 2 risk neutral bidders i=1,2 competing for a single object. Each bidder recieves a private signal si independently drawn from the uniform distribution [0,1]. Bidder i's value for the object is vi=2si+sj i,j= 1,2. Find E[2si+sj|si>sj].
I forget how to do this kind of problem, could someone start me off?
I forget how to do this kind of problem, could someone start me off?
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