Question: Again, consider an auction in which there are two bidders who are both risk-neutral and whose private valuations of the item being sold are denoted

 Again, consider an auction in which there are two bidders who

Again, consider an auction in which there are two bidders who are both risk-neutral and whose private valuations of the item being sold are denoted by t1 and t2. Suppose t1 and t2 are independently and uniformly distributed between 0 and 200. In a sealed bid second-price auction, if player 2's strategy is to bid using the rule a2 = 0.8t2, and with t1 = 100, what is player 1's EU-maximising bid? (Provide your answer as a number, without any currency symbol.)

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