My assumption is that promises are “vague”, playing $99 or $100 both fulfil the promise of giving a high claim close to $100, for which there is no incentive to break.
I think the vagueness stops the race to the bottom in TD, compared to the dollar auction in which every bid can be outmatched by a tiny step without risking going overboard immediately.
I do think I overcomplicated the matter to avoid modifying the payoff matrix.
My assumption is that promises are “vague”, playing $99 or $100 both fulfil the promise of giving a high claim close to $100, for which there is no incentive to break.
I think the vagueness stops the race to the bottom in TD, compared to the dollar auction in which every bid can be outmatched by a tiny step without risking going overboard immediately.
I do think I overcomplicated the matter to avoid modifying the payoff matrix.