{"id":309,"date":"2008-12-01T21:30:37","date_gmt":"2008-12-02T05:30:37","guid":{"rendered":"http:\/\/www.ticoneva.com\/journal\/?p=309"},"modified":"2009-06-07T02:55:47","modified_gmt":"2009-06-07T10:55:47","slug":"what-is-the-nash-equilibrium-in-auctions-of-swoopocom","status":"publish","type":"post","link":"https:\/\/www.ticoneva.com\/journal\/?p=309","title":{"rendered":"What is the Nash Equilibrium in auctions of Swoopo.com?"},"content":{"rendered":"<p><a href=\"http:\/\/www.swoopo.com\">Swoopo.com<\/a> is an auction site more in line with a traditional auction house in that the site is the sole seller. The method of auctioning, however, is very interesting. Each bid you place raises the auction price by $0.01 to $0.15 as well as delaying the end time by up to 20 seconds. The catch is, <em>each bid costs you $0.75<\/em>. It would be interesting to figure out what the optimal strategy for such auctions is.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Swoopo.com is an auction site more in line with a traditional auction house in that the site is the sole seller. The method of auctioning, however, is very interesting. Each bid you place raises the auction price by $0.01 to $0.15 as well as delaying the end time by up to 20 seconds. The catch [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-309","post","type-post","status-publish","format-standard","hentry","category-political-economy"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=\/wp\/v2\/posts\/309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=309"}],"version-history":[{"count":2,"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=\/wp\/v2\/posts\/309\/revisions"}],"predecessor-version":[{"id":371,"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=\/wp\/v2\/posts\/309\/revisions\/371"}],"wp:attachment":[{"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ticoneva.com\/journal\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}