Assertion: auction | /r/HasProperty | categorized as game
Facets:
value: with incomplete information
type: OTHER
Source sentences:
text: They are categorized as games with incomplete information because in the vast majority of auctions, one party will possess information related to the transaction that the other party does not (e.g., the bidders usually know their personal valuation of the item, which is unknown to the other bidders and the seller).