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+---
+id:
+aliases: []
+title: Auction Theory
+tags: []
+---
+# Auction Theory
+
+Auction theory is a subset of [[game-theory]]
+
+%% TODO: %%
+
+#### Reverse Auction
+
+In a reverse auction,
+bidders compete for the right to _sell_ a product or service.
+
+#### Sealed-Bid Auction
+
+Opposite of a conventional "open" auction,
+in a sealed-bid auction,
+bid prices are hidden from the bidders.
+
+[[uncertainty#Information]]
+
+%% TODO: %%