Elithrion comments on Open Thread, June 2-15, 2013 - Less Wrong
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Per a discussion on IRC, I am auctioning off my immortal soul to the highest bidder over the next week. (As an atheist I have no use for it, but it has a market value and so holding onto it is a foolish endowment effect.)
The current top bid is 1btc ($120) by John Wittle.
Details:
17twxmShN3p6rsAyYC6UsERfhT5XFs9fUG(existing activity)gwern@gwern.net, comments on IRC, or replies on Google+. I will update this comment with the current top bid if/when a new top bid is received.Suggested uses for my soul include:
pickup lines & icebreakers; eg. Wittle to another person considering selling their soul:
as a speculative play on my future earnings or labor in case I reconvert to any religion with the concept of souls and wish to repurchase my soul at any cost. This would constitute a long position with almost unlimited upside and is a unique investment opportunity.
(Please note that I hold an informational advantage over most/all would-be investors and so souls likely constitute a lemon market.)
hedging against Pascal's Wager:
presumably Satan will accept my soul instead of yours since damnation does not seem to confer property rights inasmuch as the offspring of dictators continue to enjoy their ill-gotten gains and are not evicted by his agents; similarly, one can expect him to honor his bargain with you since, as an immortal he has an infinite horizon of deals he jeopardizes if he welshes on your deal.
Note that if he won't agree to a full 1:1 swap, you still benefit infinitely by bargaining him down to an agreement like torturing you every day via a process that converges on an indefinitely large but finite total sum of torture while still daily torturing you & fulfilling the requirements of being in Hell.
EDIT: Congratulations to Mr. Wittle.
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.