unmatched$87839$ - translation to greek
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unmatched$87839$ - translation to greek

Unique bid auctions; Lowest unique bid auction; Lowest unmatched bid auction; Mobile reverse auction; Low bid auction; Highest unique bid; Highest unique bid auction; Lowest unique bid; Lowest Unique Positive Integer
  • Nash equilibrium distribution for the Lowest Unique Positive Integer (LUPI) game with ''N''=100 players

unmatched      
adj. απαράμιλλος, ασύγκριτος

Definition

unmatched
adj. unmatched by; in

Wikipedia

Unique bid auction

A unique bid auction is a type of strategy game related to traditional auctions where the winner is usually the individual with the lowest unique bid, although less commonly the auction rules may specify that the highest unique bid is the winner. Unique bid auctions are often used as a form of competition and strategy game where bidders pay a fee to make a bid, or may have to pay a subscription fee in order to be able to participate.

In practice, such auctions function like lotteries, but the small amount of "skill" involved makes them legal in jurisdictions where lotteries are otherwise illegal.