auction_reserve

io.github.ryuxik/snhp · Verify this server

The revenue-optimal reserve price when you're selling — free, no account or key needed. USE THIS WHEN: you're running an auction or sale with multiple bidders and need the floor price (minimum bid you'll accept) that maximizes your expected revenue. NOT for one-on-one haggling (use negotiate for that). Provide: n_bidders (how many bidders), seller_valuation (what the item is worth to YOU, in $), and bidder_value_prior — a rough model of what bidders will pay, e.g. {"family":"uniform","params":{"low":2000,"high":8000}}. Estimate it if unknown. Returns the reserve price and expected revenue. Example: a painting, ~5 bidders, worth $1,000 to you, bidders likely pay $2,000–$8,000 -> auction_reserve(n_bidders=5, seller_valuation=1000, bidder_value_prior={"family":"uniform","params":{"low":2000,"high":8000}}).