送交者: mangolasi 于 2005-9-12, 15:41:03:
回答: The point is that, EBAY is NOT a rational place. Setting a reserve 由 Smashedmouth 于 2005-9-12, 15:24:01:
Then people's valuation also depends on other's valuation (revealed from the bid), "winner's curse" will work for our mean peanut.