Also, ‘letting them get away with it’ isn’t necessarily a binary question. Unless you will literally never see them again, you punish them outside the bidding system, and they know you will punish them outside the bidding system, so they do not defect unless they don’t trust your willingness or ability to punish them sufficiently.
I need to gather a group of complete strangers and auction a dollar to them. Maybe in a waiting room somewhere. Are there any laws against holding auctions in waiting rooms or long lines at the sandwich shop?
And this was a group of housemates, so...
I need to gather a group of complete strangers and auction a dollar to them. Maybe in a waiting room somewhere. Are there any laws against holding auctions in waiting rooms or long lines at the sandwich shop?