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SMBC Comics Forum • View topic - [2014-12-30] Dollar Auction

[2014-12-30] Dollar Auction

Blame Quintushalls for this.

Moderators: NeatNit, Kimra

Re: [2014-12-30] Dollar Auction

Postby a1s » Thu Jan 22, 2015 3:59 pm

a1s
 
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Re: [2014-12-30] Dollar Auction

Postby Guest » Sat Sep 05, 2015 2:42 pm

Guest
 

Re: [2014-12-30] Dollar Auction

Postby Guest » Sun Sep 20, 2015 1:12 am

If you don't expect other agents assign some value to harming you, bid 99 cent as initial bid. No other agent can win money by joining the auction.
Guest
 

Re: [2014-12-30] Dollar Auction

Postby Guest » Mon Sep 21, 2015 1:21 am

Sure, and if you do that a thousand times and it never fails (it will, at least sometimes) you get $10 for your efforts and risk. Still strengthens the point that the most rational person will avoid it altogether. Unless you adjust the values such that the next lowest amount you can wager is actually a significant amount of money, it's not worth it.
Guest
 

Re: [2014-12-30] Dollar Auction

Postby mrjones » Tue Sep 22, 2015 6:41 pm

Before accepting the Wikipedia article as a source, at least look at the . The top post there in particular.
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Re: [2014-12-30] Dollar Auction

Postby Kaharz » Wed Sep 23, 2015 3:17 am

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Re: [2014-12-30] Dollar Auction

Postby mrjones » Wed Sep 23, 2015 2:46 pm

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Re: [2014-12-30] Dollar Auction

Postby Guest » Thu Oct 01, 2015 12:02 pm

Guest
 

Re: [2014-12-30] Dollar Auction

Postby mrjones » Thu Oct 01, 2015 12:57 pm

mrjones
 

Re: [2014-12-30] Dollar Auction

Postby Guest » Fri Oct 02, 2015 5:10 pm

Guest
 

Re: [2014-12-30] Dollar Auction

Postby a1s » Fri Oct 02, 2015 5:24 pm

@guest.
The Wikipedia article does not support your view (I think they'd mention if it was a poker game :roll: ). You can't just make up rules on the spot to win arguments. This isn't Calvinball :lol:
Fake edit: in fact, here: http://www.heretical.com/pound/dollar.html
1. (As in any auction) the dollar bill goes to the highest bidder, who pays whatever the high bid was. Each new bid has to be higher than the current high bid, and the game ends when there is no new bid within a specified time limit.
2. (Unlike at Sotheby’s!) the second-highest bidder also has to pay the amount of his last bid – and gets nothing in return. You really don’t want to be the second-highest bidder.
(In case you didn't catch that- it's from an actual, published, book by someone who actually knows something) :geek:
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Re: [2014-12-30] Dollar Auction

Postby Lethal Interjection » Fri Oct 02, 2015 8:42 pm

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Re: [2014-12-30] Dollar Auction

Postby Liriodendron_fagotti » Fri Oct 02, 2015 11:21 pm

This is the worst thread on this forum.
Continual disappointment is the spice of life.
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Re: [2014-12-30] Dollar Auction

Postby DonRetrasado » Fri Oct 02, 2015 11:31 pm

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Re: [2014-12-30] Dollar Auction

Postby mountainmage » Sat Oct 03, 2015 4:11 am

No more white horses ♬ ♫ ♪ ılıll|̲̅̅●̲̅̅|̲̅̅=̲̅̅|̲̅̅●̲̅̅|llılı ♪ ♫ ♬ for you to ride away
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