4 ms·
I 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 a
by exo-pla-net 5y ago
I 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.