Vatorx2
SOCIAL SHOPPING NETWORK
Location: to be updated, Miami, Florida, United States
Founded in: 2000
Stage: Revenue generating
Number of employees: 1-5
Short URL: vator.co/social-shopping-network
Referred by: Tech.co
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SOCIAL SHOPPING NETWORK

Startup/business
Miami, Florida, United States
http://www.exhibia.com
  • About
Company description

Exhibia is a disruptive and competitive pre-funded bidding-fee auction app where only registered Google or Facebook users are allowed to bid. Our pre-funding algorithm makes sure there are at least two or more pre-committed bidders present before initiating an auction. It has a solid economic background, and it is based on economist and Yale professor Martin Shubik's (https://economics.yale.edu/people/martin- shubik) famous article " The Dollar Auction Game: A Paradox in Noncooperative Behavior and Escalation ". The dollar auction is a non- zero sum sequential game that illustrates a paradox brought about by traditional rational choice theory in which players with perfect information in the game are compelled to make an ultimately irrational decision based completely on a sequence of apparently rational choices made throughout the game.


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