Judge Refuses to Allow Sale of Infowars to The Onion

Re:Judge Refuses to Allow Sale of Infowars to The Onion by whimsicalism on Wednesday December 11, 2024 @10:27AM (#42388700)

multi-round or not, they should still be equivalent in expected revenue to VCG - no?

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Re:Judge Refuses to Allow Sale of Infowars to The Onion by JumpCrisscross on Wednesday December 11, 2024 @10:41AM (#42388850)

> multi-round or not, they should still be equivalent in expected revenue to VCG - no

VCG is second price, so we're already in a sub-optimal regime with a first-price format. (All while illustrating why Vickrey auctions don't work with unsophisictated observers. Could you imagine the shitshow if The Onion won and then didn't have to pay their bid, but Jones's?)

Given first price, I don't think the number of rounds is revenue equivalent.

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Re:Judge Refuses to Allow Sale of Infowars to The Onion by whimsicalism on Wednesday December 11, 2024 @10:58AM (#42389063)

i agree that if we are doing first price it is suboptimal auction

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