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This sounds like a really great system, although I feel like it doesn't deal with edge-cases. For example: suppose the total rent is $100 for 4 rooms of varyin
by SamBam 5y ago
This sounds like a really great system, although I feel like it doesn't deal with edge-cases.
For example: suppose the total rent is $100 for 4 rooms of varying qualities. I have very little money, so I'm willing to take the terrible cupboard-under-the-stairs room for $15.
I have no way to arrange my bids to say that I can't afford more than $15, since the average of all my bids needs to be $25.
- exo-pla-net 5y agoI think a modification to the rules would fix this: you don't have to make all your bids sum to $100. You bid what a room is worth to you, in your case capped at $15. If, after rooms are assigned, the grand total is less than total rent, the lot of you are too broke to afford the place, and you'll have to look for a cheaper alternative.
- dsr_ 5y agoWhereas a conversation with your prospective roommates might have resulted in them agreeing that nobody wanted the cupboard under the stairs, so they could precommit to allowing your $15 rent and making their bids sum to $85 for three rooms. The problem with game-theorist economists is that they always neglect long-term externalities because they're messy. Having a reputation as a decent human being is a long-term externality that's very messy.