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Vickrey auction
Last discussed Oct 30, 2026
A second-price sealed-bid auction in which the highest bidder wins but pays the second-highest bid. It is widely used in ad auctions.
Recently discussed in
Anthropic S-1 Shocker, Greatest Business Ever? Google’s $500B Wipeout, Midterm Predictions
Chamath Palihapitiya · Oct 30, 2026
What creators say
Chamath Palihapitiya
mentioned
Used for: Ad auction price discovery
Praised: Great way of doing price discovery
vs: Google allegedly abandoning it in favor of a model that over-earns
"Typically in a Vickrey auction, what happens is Friedberg bids, I bid. If I'm the underbidder, Friedberg gets filled at my price because he was the high bidder. And so, it's a really great way of doing price discovery. At Facebook, when we built t..."
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