[Archive]

Posted By: Matt

Here's a relevant question in game theory:

Hypothetically, before an auction someone comes to you and says, "a few of my buddies are interested in lot 123. Individually we all agree that we'd never go higher then $4,000. As a group, however, since we'd each get the cards we want, we're willing to go up to $6,000."

Would you prefer they bid separately or as a group?

(I don't think there is a correct answer to the question; it's just food for thought)