This incentivizes people to spend a lot of wasted time gathering information about what the other party is willing to pay. Which I suppose is true anyways, but I’d like to see a spherical cow system where that isn’t the case.
Yeah, the spherical cow system would be using the VCG mechanism with the Clarke pivot rule, but that would usually require some subsidy. There can be no spherical cow system which elicits truthful bids without subsidy, sadly :-/.
Current theme: default
Less Wrong (text)
Less Wrong (link)
Arrow keys: Next/previous image
Escape or click: Hide zoomed image
Space bar: Reset image size & position
Scroll to zoom in/out
(When zoomed in, drag to pan; double-click to close)
Keys shown in yellow (e.g., ]) are accesskeys, and require a browser-specific modifier key (or keys).
]
Keys shown in grey (e.g., ?) do not require any modifier keys.
?
Esc
h
f
a
m
v
c
r
q
t
u
o
,
.
/
s
n
e
;
Enter
[
\
k
i
l
=
-
0
′
1
2
3
4
5
6
7
8
9
→
↓
←
↑
Space
x
z
`
g
This incentivizes people to spend a lot of wasted time gathering information about what the other party is willing to pay. Which I suppose is true anyways, but I’d like to see a spherical cow system where that isn’t the case.
Yeah, the spherical cow system would be using the VCG mechanism with the Clarke pivot rule, but that would usually require some subsidy. There can be no spherical cow system which elicits truthful bids without subsidy, sadly :-/.