Question: Question 4 (1 point) Consider an all-pay auction with two risk neutral bidders. The bidders put the same value on winning, v = 1. However,

Question 4 (1 point) Consider an all-pay auction with two risk

Question 4 (1 point) Consider an all-pay auction with two risk neutral bidders. The bidders put the same value on winning, v = 1. However, the bidders have different cost functions. The cost to bidder 1 of bidding b is exactly b. The cost to bidder 2 of bidding b is b?. Derive the mixed-strategy NE of this game. Let F;(b) denote the cumulative distribution function of playeri's bid, i = 1, 2. Select all that apply from the following list. D In equilibrium,F1(b) = bfor0

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