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conor912

10-12-2020 05:56 PM

OT: Auction Theory wins the Nobel Prize for economics

Interesting read.

https://www.google.com/amp/s/amp.ft....7-0ad1ddcc92e5

swarmee

10-12-2020 05:59 PM

Does it mention Rule 21?

Snapolit1

10-12-2020 09:00 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 11:29 PM

Quote:

Originally Posted by Snapolit1 (Post 2025220)

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

10-13-2020 12:23 AM

Quote:

Originally Posted by Snapolit1 (Post 2025220)

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...

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