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gwern comments on Open Thread, June 2-15, 2013 - Less Wrong Discussion

5 Post author: TimS 02 June 2013 02:22AM

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Comment author: gwern 06 June 2013 11:10:15PM 25 points [-]

(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.

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