Since a bid’s winningness is contingent on other bids you can’t use winning as a proxy for understanding. If they all thought and acted like Ashley and broke the pact with 5 cent bids would they all have got a round of applause for their great insight in bidding 5 cents?
Since a bid’s winningness is contingent on other bids you can’t use winning as a proxy for understanding. If they all thought and acted like Ashley and broke the pact with 5 cent bids would they all have got a round of applause for their great insight in bidding 5 cents?