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View Full Version : OT: Auction Theory wins the Nobel Prize for economics

conor912
10-12-2020, 04:56 PM
Interesting read.

https://www.google.com/amp/s/amp.ft.com/content/878bcc02-1e4d-4b88-a137-0ad1ddcc92e5
swarmee
10-12-2020, 04:59 PM
Does it mention Rule 21?
Snapolit1
10-12-2020, 08:00 PM
If someone can show me how it makes economic sense for an auction to end at 4:35am to maximize value to anyone I will personally award them a Nobel Prize.
conor912
10-12-2020, 10:29 PM
If someone can show me how it makes economic sense for an auction to end at 4:35am to maximize value to anyone I will personally award them a Nobel Prize.

Hahaha
Casey2296
10-12-2020, 11:23 PM
If someone can show me how it makes economic sense for an auction to end at 4:35am to maximize value to anyone I will personally award them a Nobel Prize.

Bars close at 2, takes an hour to grab a bite and get home, 35 minutes of checking bank balance, clock watching, and convincing yourself you can't live without that card.

Commonly known as the Overbidding while Drunk Theorem...