The Emergence Machine

Auction

abstract · Business · Level 16 · E10

E10Institutions

Each concept here is mapped to its prerequisites — the ideas you'd need first to understand it — all the way down to four foundations: Space, Time, Energy, Pattern. Click any prerequisite to drill down, or scroll for the chain graph.

Trace. Question. Emerge.

Emergence definition

auction emerges from art + market. It requires business.

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Wiktionary senses

External reference — all senses of the word “auction” on Wiktionary. This atlas concept maps to only the slice of meaning relevant to the prerequisite graph.

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Source: Wiktionary — “auction”. Content available under CC BY-SA 4.0.

Historical origin

Origin word
auction
Origin language
English

Prerequisite chain

Possible path of this concept down to the fundamental substrate.

thisfoundationsL16L15L14L13L9L2L1L0AuctionTrade CommerceMoneyCompetitionTradeArtEconomyGame… intermediate l…ValueFormLifePhysical ActivityActionChangeCollectionDistributionEnergyPatternSpaceTimeE1 concrete → E14 abstract

Neighborhood

Direct prerequisites above, concepts that depend on this one below.

thisprerequisitesAuctionL16ValueL2ArtL9CompetitionL13TradeL13Trade CommerceL15E1 concrete → E14 abstract

In other languages

Prerequisites

What you need to understand first.

  • Value L2 (requires) polysemous
    Auctions use competition among buyers to determine the market value of an item
  • Art L9 (conceptual)
    Institution for art
  • Competition L13 (requires) polysemous
    Public sale where goods go to the highest bidder -- prerequisite: competition
  • Trade L13 (requires) polysemous
    An auction is a public sale where goods are sold to the highest bidder
  • Trade Commerce L15 (requires)
    Public sale where goods go to the highest bidder -- prerequisite: trade-commerce