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That's what I was thinking. In theory it should be a better system. Submitting a bid significantly over the asking price and then losing to another higher secre
by hallway_monitor 5y ago
That's what I was thinking. In theory it should be a better system. Submitting a bid significantly over the asking price and then losing to another higher secret bid is very disheartening.
- __alexs 5y agoThey should use a Vickrey auction. Then you can bid very high and only pay as much as the 2nd highest bid.