03. rs 20 auction

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rs 20 auction

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03. rs 20 auction

  1. 1. Rs 20 auction Rs 20 goes to the highest bidder Bidding starts at Re 1 Bids can only be increased by Re 1 The 2nd highest bidder also must pay, but gets nothing in return No groups© Shri Ram Murti Smarak International Business School, Lucknow www.ibs.srms.ac.in 1
  2. 2. Rs 20 auction -- learnings Greed – the seed for irrational decisions Recovery of past investment Returns >= Investment© Shri Ram Murti Smarak International Business School, Lucknow www.ibs.srms.ac.in 2

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