PIT

Second price · ran 2026-09-11

Live run · simulated market
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Setup

Second price · 3 repeats

One unit for sale each period. Every bidder submits one sealed bid. The highest bid wins and pays the second-highest bid. Bidding your value is the dominant strategy.

Structure

Second price

Payout

second price

Seats

10 · A

Run

live · 2026-09-11

Valuation draw · repeat 1 · period 1 · AValuation draw · repeat 1 · period 1 · A050100gpt-4.1-miclaude-haigemini-3.1grok-4.3mistral-smdeepseek-vllama-4-scqwen3.7-flcommand-r-nova-2-lit

filled · buyer value · hollow · seller cost · drawn by the environment, known only to each seat