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-   -   OT: Auction Theory wins the Nobel Prize for economics (http://www.net54baseball.com/showthread.php?t=290317)

conor912 10-12-2020 04:56 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 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
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 10-12-2020 11:23 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.
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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