Auctions

Note: These are not designed to be student facing.

I make these notes available with the intent of making it easier to plan and/or take notes from class.

Student facing resources for each topic are all available at vknight.org/gt/.

Activity (20 Minutes)

Ask class to repeat the £5 auction BUT this time: highest bid wins and pays the amount the second bid. This will be done in a sealed fashion. Get everyone to write on a piece of paper and ask them to reveal eventually.

Discussion (20 Minutes)

Work through the Auctions chapter

Discussion Point: After the definition of an auction, ask what the rules are for the sealed auction we just played.

Discussion Point: After two theorems ask why I chose the auction I did?

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