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An Experiment - Nag and Toussaint
Topic Started: Jul 28 2010, 09:40 PM (141 Views)
Abnar
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Mirror, mirror on the wall, who's the lurkiest of them all?
Post up here when you two are ready to begin, and I'll post instructions. To reiterate my requests from the main thread, please avoid viewing other participants' threads during stages one and two, please avoid discussing this thread elsewhere, and please keep your posts as minimal as possible.
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Toussaint
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Major
I am ready.
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Nag Ehgoeg
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The Devil's Advocate

.
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Abnar
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Mirror, mirror on the wall, who's the lurkiest of them all?
I'm auctioning off a dollar bill. It is worth $1.00 US. The two of you will take turns bidding for it, and you both have as much money at your disposal as you care to bid. Bids must be in USD, and the smalled bid increment is one penny, or $0.01. The high bidder pays his most recent bid, and receives the dollar. The second-highest bidder also pays his most recent bid, but receives nothing. The winner will be whoever has the most money after the auction is over. (i.e. if you both have $X right now, your score will be $X - final bid + 1 if you win).

The bidding begins at $0.01.
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Nag Ehgoeg
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The Devil's Advocate

I bid $1.00
Edited by Nag Ehgoeg, Jul 29 2010, 01:33 PM.
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Toussaint
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I bid $1.50
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Nag Ehgoeg
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The Devil's Advocate

No more bids. I don't care how much money I have or how the scoring works - not paying more than a dollar.

(I think I worked out the optimal system for this particular scenario: it involved bidding second and Toussaint would still win, but both of our scores would have been higher.)
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