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A comment on Johann Wolfgang von Goethe, Amateur Auction Theorist. Parent comment

Re:Johann Wolfgang von Goethe, Amateur Auction Theorist by bluedevil2k on Friday June 03, 2016 @10:51AM (#11830639)
It's not bad if they bid higher than you - you being a rational person would know that you'd be unwilling to pay higher than your only placed bid, so you aren't really "losing" anything
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Re:Johann Wolfgang von Goethe, Amateur Auction Theorist by ikeboy on Friday June 03, 2016 @10:54AM (#11830656)
It's bad if, if you wouldn't have bid so high, you'd have been able to win at the end with a lower bid than your highest.
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