Assertion: auction's value | /r/HasProperty | independent
Facets:
value: from a uniform distribution with support
type: OTHER
value: across bidders
type: OTHER
value: in this case
type: OTHER
Source sentences:
text: In this case, the value of the item is considered to be personal and independent of the value others might place on it (independent, private values).
text: Each buyer's value, v, is an independent draw from a uniform distribution with support .
text: Usually, but not always, a private values model assumes that the values are independent across bidders, whereas a common value model usually assumes that the values are independent up to the common parameters of the probability distribution.
text: Usually, but not always, a private values model assumes that the values are independent across bidders, whereas a common value model usually assumes that the values are independent up to the common parameters of the probability distribution.
text: Vickrey considered the case of two buyers and assumed that each buyer's value was an independent draw from a uniform distribution with support [ 0 , 1 ] {\displaystyle } .