tag:blogger.com,1999:blog-21734860.post8115305542181887683..comments2024-03-28T20:20:20.604-07:00Comments on Byron's Blog: Game Theory in Las VegasByron Knollhttp://www.blogger.com/profile/07033149054635249156noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-21734860.post-9980777125338221412007-12-30T11:32:00.000-08:002007-12-30T11:32:00.000-08:00Don't know where I read it, you can do the Googlin...Don't know where I read it, you can do the Googling if you want, but scienticians discovered the best way to find optimal market price for single objects using auctions: Hold a silent auction (one in which people bid prices secretly, without others knowing their bid price), then the highest bidder wins, but pays the price of the second highest bid. Apparently this is the best way to auction things to approach the most optimum pricing. Just thought you might want to know.Adam Dunnhttps://www.blogger.com/profile/05353318854733060155noreply@blogger.com