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Re:Johann Wolfgang von Goethe, Amateur Auction Theorist by mhuffman on Saturday June 04, 2016 @12:53AM (#11834958)
If everyone is rational (ie., won't purposely screw themselves.) and does not change their maximum amount according to what other bidders do, then it kind of doesn't matter in the end.

[1] https://en.wikipedia.org/wiki/Revenue_equivalence

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