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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Thu, 2 Dec 1999 02:06:22 GMT
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Viewed:
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432 times
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In lugnet.admin.general, Todd Lehman writes:
> 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...
[long explanation snipped]
> 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.
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... ;-)
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Message is in Reply To:
 | | Re: What makes an something an auction
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| (...) 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), (...) (25 years ago, 1-Sep-99, to lugnet.admin.general)
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