The Auction Problem

Get Surfshark VPN at and enter promo code VSAUCE2 for 84% off and 4 extra months for free. Thanks to Surfshark VPN for sponsoring this video and supporting Vsauce2. The next time you buy a retro game or old t-shirt in an online auction, thank William Vickrey’s 1961 paper, “Counterspeculation, Auctions, and Competitive Sealed Tenders”… Continue reading The Auction Problem