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A bid value was shown and the respondents were asked whether they would pay the bidding value for the treatment.
The starting bidding value of US$0.5 was estimated from interviews with a small sample of participants.
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Current bidding values the 40 musicians at approximately £6,000.
For these two bidders at a certain time t, their bidding values are denoted as (v_{1}) and (v_{2}).
21 The bidding values were converted to Malaysian currency, and subsequent bidding values were modified, contingent on the response to the initial bid.
From the responses, an acceptance curve, which shows the relationship between probability answering of a "Yes" response and bidding values, was generated.
To assign work, Bid value function have been used.
Five consortia submitted bids, surpassing the minimum bid value by at least 36percentt.
The Brazilian government set a minimum bid value of $4.8 billion for the airport.
This function will assign the area to explore, to each robot according to their bid value.
The case lays out the assumptions used in arriving at the minimum bid value and discusses where the additional value might be coming from.
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