This game is difficult to formalise because of the real time bidding aspect. Say agents pre-commit to bid or not in discrete time periods, one Nash Equilibrium

This game is difficult to formalise because of the real time bidding aspect. Say agents pre-commit to bid or not in discrete time periods, one Nash Equilibrium would be symmetrical mixed strategies such that each agent has 0 expected payoff from bidding. Eg if 10 players, $0.4 fee and $0.5 bid then would need players to bid with probability p st: 0.9 = 180 *(1-p) ^9. This changes if agents value winning more/less than $180 in present/future (patience, risk neutrality, value placed on tablet + process of playing gambling game).