Börgers, Tilman (contributor); … - 2007
probability that some event has occurred, depending on what the other signal
is.
The result described in the previous paragraph … definitions. Section
3 contains our main completely general result. Section 4 studies in detail
a binary, symmetric example … expected utility conditional
on the event that she observes σ1, bidder 2 bids p, both tie and bidder 1
wins.
Next, note that in …