Cyan comments on Game Theory As A Dark Art - Less Wrong

50 Post author: Yvain 24 July 2012 03:27AM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (100)

You are viewing a single comment's thread. Show more comments above.

Comment author: Cyan 29 July 2012 10:30:58PM 3 points [-]

What happens if the first bidder bids $19 (or $19.99, or in general, the amount being auctioned minus the smallest permissible increment)? Any potential second bidder can't make any money. (...Without colluding with the auctioneer -- is that allowed?)