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Ok actually reading about the Vickrey auctionVickrey auction made me think of the Jim Ratliff's answer made me think actually noit's LESS fair:

If Hikaru wants to go for as low as 9 minutes, but Magnus wants to go for as low as 6 minutes, then maybe we'd just end up with that the final bid is - let's say there's a minimum of a 10 second difference between bids - Magnus with 8:50. Hikaru won't go lower, and then Magnus has a 3 minute advantage.

Ok actually reading about the Vickrey auction made me think of the Jim Ratliff's answer made me think actually no:

If Hikaru wants to go for as low as 9 minutes, but Magnus wants to go for as low as 6 minutes, then maybe we'd just end up with that the final bid is - let's say there's a minimum of a 10 second difference between bids - Magnus with 8:50. Hikaru won't go lower, and then Magnus has a 3 minute advantage.

Ok actually reading about the Vickrey auction made me think of the Jim Ratliff's answer made me think it's LESS fair:

If Hikaru wants to go for as low as 9 minutes, but Magnus wants to go for as low as 6 minutes, then maybe we'd just end up with that the final bid is - let's say there's a minimum of a 10 second difference between bids - Magnus with 8:50. Hikaru won't go lower, and then Magnus has a 3 minute advantage.

Source Link
BCLC
BCLC
  • 2.2k
  • 2
  • 21
  • 47

Ok actually reading about the Vickrey auction made me think of the Jim Ratliff's answer made me think actually no:

If Hikaru wants to go for as low as 9 minutes, but Magnus wants to go for as low as 6 minutes, then maybe we'd just end up with that the final bid is - let's say there's a minimum of a 10 second difference between bids - Magnus with 8:50. Hikaru won't go lower, and then Magnus has a 3 minute advantage.