For Social Network Analysis (CSE 316A)

Simulate 500 instances of second price sealed bid auction and first price sealed bid auction. Report and analyze the total bidder surplus and seller revenue.

Private valuation of each bidder is generated independently from a continuous distribution over [0, 10].

For first price sealed bid auction, bidder shades her bid by x% where x = [90, 80, 70, 60, 50] since truthful bidding is not a dominant strategy.