Solo 66 At the start of the game, the dealer shuffles the cards and offers them to be cut, he then deals six cards to each player. The remaining two cards are placed face-down in the middle of the table as the talon. The soloist is determined through a bidding process or auction. The player who bids the highest suit as trumps wins the auction. The suits rank, from highest to lowest, in the order: Clubs , Spades , Hearts and Diamonds . In the auction the player to the left of the dealer (forehand) is the first to bid or pass.
Common value auction on. There are two bidders participating in a first-price sealed-bid auction for an object that has either high quality (value V) or low quality (value 0) to both of them. Each bidder receives a signal that can be either high or low, with probability 1/2. The signal is related to the true value as follows: This game has no SBNE in pure-strategies. PROOF: Suppose that there was such an equilibrium "b". This is a function from a signal to a bid, i.e., a player with signal "x" bids "b"("x"). Clearly "b"(low)=0, since a player with low signal knows with certainty