Subject:
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Re: What makes an something an auction
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Newsgroups:
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lugnet.admin.general
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Date:
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Wed, 1 Sep 1999 22:40:59 GMT
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Viewed:
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459 times
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In lugnet.admin.general, Larry Pieniazek <lar@voyager.net> writes:
> Disagree. A single round sealed bid auction is still an auction.
Here is some food for thought...
If you have a square that encompasses the points (-1,-1), (-1,+1), (+1,-1),
(+1,+1), then that's called the "unit square" in mathematics. If you have a
cube that encompasses the eight points (-1,-1,-1), (-1,-1,+1), ...
(+1,+1,+1), then that's called the "unit cube." Higher-order hypercubes are
sometimes called unit N-cubes. A 4-dimensional hypercube, for example, is
called a unit 4-cube. Well, if you set N=1, then the line segment [0,1] is
a "unit 1-cube" and and the single point 0 is a "unit 0-cube." Now, points,
line segments, and squares are degenerate cases of cubes, but are they
really cubes in spirit? No, the word "cube" is just a label there.
Similarly, a single-round sealed-bid auction is nothing more than a
degenerate case of a full-fledged auction. Is it really an auction in
spirit? Heck, no. The word "auction" there is just a label.
--Todd
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Message has 1 Reply:
 | | Re: What makes an something an auction
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| (...) [long explanation snipped] (...) I agree. (That's a strong argument, though most people probably wouldn't agree with me. Sorry, I'm a math person :-) (1) -Shiri (1) Please don't hold that against me... ;-) (25 years ago, 2-Dec-99, to lugnet.admin.general)
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Message is in Reply To:
| | Re: What makes an something an auction
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| Disagree. A single round sealed bid auction is still an auction. (URL) Larry Pieniazek larryp@novera.com (URL) - - Web Application Integration! (URL) Lugnet(tm): (URL) Member ref: lar, 1/2 $$ to lugnet. NOTE: I have left CTP, effective 18 June 99, (...) (25 years ago, 1-Sep-99, to lugnet.admin.general)
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