Re: entrapment game

Wasn't it Patrick Hamlyn who wrote:
>[EMAIL PROTECTED] wrote:
>
>>Roy <[EMAIL PROTECTED]> wrote:
>>
>>> Don't bid.
>>
>>I was thinking that it might be one of those games where playing one
>>time doesn't make any sense, but if you ran the game it several times, 
>>say in a computer tournament, it might be interesting to see what strategies
>>are tried.
>
>It makes perfect sense to run auctions as often as possible, but no sense at all
>to bid in one.
>
>It takes but a moment's thought to see that your potential profit if bidding
>against sensible people is maybe 50c, and your potential loss if bidding against
>normal humans is around $19.50, more if you're not sensible yourself.
>
>I wonder if it's legal to run auctions like this?

I was once at a function where one of the items was auctioned under the
rule that everyone who joined in the bidding had to pay the amount of
their last bid. Very few people made bids for that item, and most of
those who did bid hadn't understood the rule.

-- 
Mike Williams
Gentleman of Leisure