Re:Judge Refuses to Allow Sale of Infowars to The Onion
by usrusr on Wednesday December 11, 2024 @10:42AM
(#42388863)
Uncertainty makes bids go up. Introducing the possibility that perhaps there might be a second round after a bid turned out to be too low reduces uncertainty.
Imagine game theory dynamics in poker if an unhappy player could say "well, come to think of it, I guess I did not really want to see, I'd rather fold"
Imagine game theory dynamics in poker if an unhappy player could say "well, come to think of it, I guess I did not really want to see, I'd rather fold"