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Elithrion comments on Open Thread, June 2-15, 2013 - Less Wrong
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I am really disappointed in you, gwern. Why would you use an English auction when you can use an incentive-compatible one (a second price auction, for example)? You're making it needlessly harder for bidders to come up with valuations!
(But I guess maybe if you're just trying to drive up the price, this may be a good choice. Sneaky.)
Having read about auctions before, I am well-aware of the winner's curse and expect coordination to be hard on bidding for this unique item.
Bwa ha ha! Behold - the economics of the damned.