= 27d567bc2d48d9f40e9ccc20ea370b15)
Elithrion comments on Open Thread, June 2-15, 2013 - Less Wrong Discussion
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (433)
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.