http://nsdl.library.cornell.edu/websites/expertvoices/info2040/archives/1940 This is a supplemental blog for a course which will cover how the social, technological, and natural worlds are connected, and how the study of networks sheds light on these connections. Fri, 08 Mar 2013 14:26:31 +0000 http://wordpress.org/?v=2.3.3 http://nsdl.library.cornell.edu/websites/expertvoices/info2040/archives/1940#comment-1305 aldousdj Mon, 26 Mar 2007 18:49:13 +0000 http://nsdl.library.cornell.edu/websites/expertvoices/info2040/archives/1940#comment-1305 In this kind of game (unique minimum bid from 1,2,3,....) your optimal strategy is (roughly) to bid a uniform random number between 1 and n/(log n) where n is number of players. So if bids are denominated in cents and n = 50,000 then your average bid would be about 23 dollars ....... In this kind of game (unique minimum bid from 1,2,3,….) your optimal strategy is (roughly) to bid a uniform random number between 1 and n/(log n) where n is number of players. So if bids are denominated in cents and n = 50,000 then your average bid would be about 23 dollars …….

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