tag:blogger.com,1999:blog-9319479.post5494683958796717733..comments2024-03-07T15:32:53.014+02:00Comments on Yehuda: Weekend GamingYehuda Berlingerhttp://www.blogger.com/profile/16038826060312027387noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9319479.post-5377243900526081752009-10-26T06:44:24.281+02:002009-10-26T06:44:24.281+02:00El Grande: Yeah, we had a six hour game on one gam...El Grande: Yeah, we had a six hour game on one game day. Yeesh.<br /><br />Modern Art. Here's why: Pick a number N, let's say 67. Player A bids 67 for player D's paintings worth 100. Currently, player A is making 33, and player D is making 67.<br /><br />What should player B do? There is no reason in the world for him NOT to say at least 68. Now he is making 32, player A is now not making 33 (a 65 point swing) and player D is only making 1 more than he was a second ago.<br /><br />What should player C do? Same reasoning.<br /><br />This reasoning continues all the way until the price point of 99*. And, unlike game theory, there is no group think involved here. It is simply the right thing to do. player C must win every auction, unless player A bids 1 less than the price of the painting.<br /><br />Similarly, for "name that price" paintings, player A will win every auction, unless he thinks player D has incorrectly valued the painting. And Player A sometimes has some control over the price of the painting, since he plays next, so it's a little more interesting than all that. Sometimes.<br /><br />For open ended auctions, the same logic would apply, but now the bidders are conspiring together to both outbid the other players, and also keep player D from gaining too much. That's classic game theory, and so somewhat interesting.<br /><br />Blind bidding is the most interesting auction here, oddly enough. Pure game theory.Yehuda Berlingerhttps://www.blogger.com/profile/16038826060312027387noreply@blogger.comtag:blogger.com,1999:blog-9319479.post-72629411322068576862009-10-26T05:22:22.315+02:002009-10-26T05:22:22.315+02:003 hours to get to round 6 of El Grande?!!! What on...3 hours to get to round 6 of El Grande?!!! What on earth could cause that? We typically finish a full game in 1.5 hours.<br /><br />Regarding Modern Art... it's not a favorite of mine, but I can't say I quite understand some of your analysis. No one sets the price for once around auctions except the players themselves, so if they are "too high" then I suspect groupthink. Second, why would anyone pay 99 of 100 dollars for a set of paintings? The paying player makes 1$ and the seller makes 99$. No one would go that high in our group.agent easyhttps://www.blogger.com/profile/17907863877533239261noreply@blogger.com