A Game You Can Never Win
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- Опубликовано: 16 сен 2018
- This is a thought experiment, not a real offer. If someone offers to sell you a $100 dollar bill for $5, you’d take that deal instantly, right? Of course! But suddenly your friend jumps in and offers $10 for the $100 and now you’re in a bidding war.
Here’s the catch: the seller says that the losing bidder has to pay him their unsuccessful bid. So, the bids escalate. $20! $50! $100 for a $100 bill -- and now you and your friend are both in trouble.
Martin Shubik’s Dollar Auction Game shows us that escalation based on rational decision-making can lead to disastrous results and trick you into playing a game you can never win… and it happens in real life way more often than we realize.
** LINKS **
Get Vsauce's favorite science and math toys delivered to your door!
www.curiositybox.com/
2018 Currency Budget
www.federalreserve.gov/foia/f...
The Fed - How Much Does It Cost To Produce Currency And Coin?
www.federalreserve.gov/faqs/c...
New $100 Bill Costs 60% More To Produce (Article from 2013)
www.marketwatch.com/story/new...
Prop Movie Money
propmoviemoney.com/product/ne...
Hasbro Monopoly Money
www.amazon.com/dp/B00000IWCW/
Tullock Auctions
blogs.cornell.edu/info2040/20...
Knee-Deep In The Big Muddy: A Study Of Escalating Commitment to a Chosen Course of Action
citeseerx.ist.psu.edu/viewdoc/...
The Dollar Auction Game: A Paradox in Noncooperative Behavior and Escalation by Martin Shubik
www.math.toronto.edu/mpugh/Tea...
Backward Induction
vknight.org/Year_3_game_theor...
***********************************
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Hosted, Produced, And Edited by Kevin Lieber
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Research And Writing by Matthew Tabor
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HI THERE, YOU. I took the summer off to write a book. I was able to get 10 chapters finished, looked at the calendar, and realized it was time to get back to you. So I'm back. Hello. I will work on the book during weekends until it's finished. For now, expect more videos, more frequently. And as always... thanks for commenting.
Hello there. What's the book about?
Whats it about?
I'm so happy you are back!
I tell billy that dude don't go higher, let's buy the 100 dollar for my 10 while you put 5 dollars, let him have 15...we still get 85 back.... and lets split it .....and YOU, the 100 dollar owner, LOSE ..hahaha
Great video, what's the book about?
1: bid 10$
2: tell your friend not to bid
3: split the won 100$ in half
But you only get 40$ in the process whilst Billy gets 50$. Should be 40/60
Edit: checked my math again and it's supposed to be 55/45 so you get 55$ and your friend gets 45$ since you're the one who bet 10$ you should have 10$ more when you get the profit if you want equal profit (lmao 9 months late)
If you followed my last, incorrect math, the profit the two of you get will be 50$ and 40$.
@@namp2018 it doesn't matter because you still win.
@@stanisawswierczynski23 you guys missed the part where the bidders can't cooperate
• AoSpring • then ur getting 50, and your friend 40...Should more be like 55/45
Better yet
1:bid 10$
2: tell your friend not to bid
3:Don't split the won 100$ in half and keep all of it
Me: $99 on my first bid
Billy: has no reason to place a bid
Me: wins $1
Billy would bid 99.99, then you would bid 100, and both of you would be f*&%ed up hahah if you meant 99.99, I agree with you
@@TheDanielBentes no bc 1$ will not seem valuable enough to billy so he will not bid
Lost 99*
Stonks
the game only starts at the second bidding
Title:”the game you can’t win”
Me after watching the video: I can I just have to be the one selling the 100$
no no hes got a point
Zappy hopefully he doesn’t poke someone with it
Sure, but if he convinces the other two they can't win... then neither can you since they won't play. ;-)
Nice to meet you Mr. Gates sir!
Then you yourself aren't playing the game, so are neither winning nor losing the game. You are gaining profit from the meta circumstance surrounding the game, but you aren't winning the game itself.
Friend: hey 1 dollar for 100
Me: ok
Billy: I got 5 dollars
Me: let’s just split it
Billy: ok
Friend: wait no
Ez win
But maybe Billy doesn’t like you much?
The Nailsage Of Geo then you tell him that it is no point loosing profit
@@thenailsageofgeo4975 It's said that he's your friend
That’s why capitalist governments go after communist countries. (:
Kevin: hey! Want $100 for just $1?
Billy: I’ll give you $5!
Me: * knocks Billy out *
😂😂💀
😂😂
What did i do?
@@sixela6 Please go to this link:
www.reddit.com/r/beetlejuicing/
I'll Give you 70$!
Shipping cost: *$1000*
rip lol
lolll
Lmao😂😂
By the way I am Virat Kohli Captain of Indian Cricket Team hahahahahahaha
Australian Shiping Cost. 10000000 dollars
Australian Shiping Cost. 10000000 dollars
Literally every mom: you cant win or lose if you dont play
Me:
I did this with my friends and earned $74.45
thanks vsauce
LMAO really?
Your friends are really dumb
They should have stopped bidding and split the 100
Morallity is a poor mans quality
You mean prior friends?
I wouldn't want to be your friend
Bold of you to assume I can bid over $20
Bold to assume we could bid over 2¢
Bold of you to assume I can bid over 0 cents
Lol
Ralsei lol
What is a c with the two lines
Just get your two most competitive friends and your set.
you are
@@mauntaxthelegend3188 no
@@Dogbonee yes
@@mauntaxthelegend3188 no
@@mauntaxthelegend3188 you wanna pay 100$ to prove me wrong?....
"The only winning move is not to play" - Joshua
tic tac toe...good call !
I remember doing this game in a college economics class. The professor ended up selling his $5 bill for like $10.
Easy cash 💸 💰 🤑
1:37 jokes on you, I don't have friends
*_MEGA OOF_*
Me too I have abanned all of them today
yiay man
You beat me to the joke damn
This is actually sad
Just keep bidding forever. He'll never collect his profit because game is still in play.
Yeah just use ( 1 cent added ) cents and take a pause for 5 seconds to bid
1 whole dollar would take take 1000 seconds for you to bid in the game ( you do 500 seconds and your opponent does another 500 so the time for you to bid 1000 seconds ) and till y'all get to 99 dollars 99000 seconds will pass and that's over 1500 hours which is over two or three months
The game ends when the cash ends... meaning someone is bound to get broke and not able to bid no more thus the other person bidding wins
Then we can just say there is a time limit to prevent those types of people.
@@benjaminh2994 you can say whatever you want but it doesn't fall within the the original rules. You can't just make up rules of the game as you go along.
This officially proves why Vsauce is so rich
Billy: "I bid one dollar"
Me a extremely competitive person : "I bid you my kids , my house , my access card to the white house and my dog"
I thought Karen already took your kids
J W
OHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHhhhhhhhhhhhhhhh
Supa hot fire
You don’t say “a extremely”. Because the a is before a vowel sound you say an instead of a!
@@lucaarmstrong6375 Quarantine made you do it, isn't it?
NOT THE PUPPY DOG 🐶
Just tell the other person to stop bidding and you can split the $100
Ikr
Lol true
yeah its true..
thats exactly what I thought
100th like les goo
*Lol I did this with my friends but they took my $100 and beat me up lol it was awesome*
@Attack Helicopteryeah they're my best friends when I buy them stuff
lol you're the best
jimmy fox GOLD DIGGERS
jimmy foxx
jimmy 🤠
3:12 that's bassically how the lottery works, on a smaller scale.
lol what do you think a lottery is
Bassically that’s not how auctions work.
Kevin: that seems like a dea- oh wait your friend Billy wants to bid with $5
Me: Billy I swear to god-
Who would ever partake in an auction where you pay your losing bid? Tf?
me
Cool beans
Thanks for not making me have to make this comment!
with two players, its the same as a penny auction with two players. en.wikipedia.org/wiki/Bidding_fee_auction
Everyone that enters a casino?
if billy is your friend agree to split it 51-49
if billy bids $2, you don't talk to billy anymore
Sadly the paradox is for NC or noncooperative behavior only. So this would be a great way to beat the game with cooperative behavior, but that's not allowed for the circumstances. I believe he confused everyone when he said friend. It would have been a better analogy to say that you're playing against a stranger. At around 5:41 it shows the article that talks about why this game only works with NC behavior.
Me and the bois: no me pay
Friend: no me
Friend2: no me
Me: guys stop if i pay 1$ and i get 34$ we all get 33$ profit
So this is just everything everyone always told me about gambling and casinos, except it can actually be logically proven. Neat.
I tried this with my parents. I'm on a one week home detention now. thanks, vsauce!
Why what happened? 😆 🤣 😂
How to win the game.
Immediately bid $99.99 before the other person has a chance to make a bid.
The other bidder doesn’t yet hold a commitment to the bid, and thus has no incentive to outbid you.
then you make a useless 1 penny
And you need to actually have the cash
Yeah and if you stop then just run away and dont pay
Then the auctioneer's shill bidder bids $100 so they can get your $99.99. Penny Auction sites would pull that sometimes.
Lol
I have never heard of paying your losing bid.
TheDivineChaos poker
TheDivineChaos Neither have I.
victor laget that is a bet not a bid
RealDarkBlade my bad, sorry
@@lukesanderson7608 u still own the stock tho as opposed to nothing
This game is also displayed in an anime, it was really interesting seeing how it ended.
Kakegurui XX
Final Episode
Game: Hundred Votes Auction
Finally a person who knows kakegurui
@@monirhasan3248 XD it's a pretty good anime
kakegurui. the anime i never want to see/hear about again
I came across this for the first time in Nat Geo's Brain Games. They set up an auction to experiment with random people. Goes well till it is $100 for $100 note. Then people started smelling the problem 😂😂😂😂
I didn’t bid anything. Stop making fake accusations.
Fake news confirmed
@MaverickMedia100 who is billy
@@tarshej.2242 The guy in the video?
Hi Billy
@@foxwhite25 the comment just didn't really make sense imo
they bid a $1.00 i bid $2.00 and agree to split the difference. we both walk away with $48.50 and the seller gets $3.00 isn't that a win?
matthew lucenti lmao why would i do that if i can get 100?
@@online_cat because the longer the bidding war goes on the more we would both lose in profit
You wouldn't get 100 because you'd have to pay for it. It will never be 100. The 2 players should agree to cheat the other guy. Player 1 bets 1. Player 2 bets 2. Player 1 quits.
Agreed.
I was just gonna write that 👍
4:46 You know the rules... and so do I!
Just when I thought I was safe...
This is probably one of the most intriguing videos on RUclips and I love to be on the other side of things and making that sweet sweet profit is the bidding escalates
That’s when you pay your friend to throw the game and split the profit.
I tell billy that dude don't go higher, let's buy the 100 dollar for my 10 while you put 5 dollars, let him have 15...we still get 85 back.... and lets split it .....and YOU, the 100 dollar owner, LOSE ..hahaha
@عمر حليله
There are no other players present in this example, otherwise they would have entered the game somewhere between 15 and 99 dollars.
So his tactic is a definite win.
not that anyone would ever wanna play this game to start with
Exactly what I was thinking (if there are only 2 bidders)
Even if you don't conspire, no time limit was set. We could be bidding till the end of our lives and then there is no point.
This reminds me of the last episode of the second season of the anime Kakegurui
I thought the same before the 4th minute XD
I knew the scenario immediately from Kekegurui. I figured that there had to be someone else who made the connection!
7:15
It's like "Sometimes the only way to live a life is to not live it.".
Just don't bid. Or both parties can agree to flip a coin, the winner bids one dollar.
To flip a coin for 100 dollars it's a lot
@Zyri Blackwood you are right, I corrected it
Even if you refuse to bid your opponent will then be willing to bid a dollar, and win 99$. They feel no need to cooperate with you at a 50% chance for 50$
You can rationalize at this point that gaining nothing is the best you can do but you can never force cooperation.
Billy and I team up. I bid $1, he bids $2 then we stop and split your $100.
I then shoot Billy in the back and run off with the cash.
What a dumb idea.
Just shoot the auctioneer and never bid. Less steps
Or... you could Just rob a bank! why have 100 bucks when you can have 100000$
4)summon yog sothoth
2 dollars for murder. nj
I just robed a bank ...Can you hide me from the poli ? For at least ...10 days?? Pls (you have become my complis)
These all-pay auctions are based on the assumption the players can't cooperate with each other. It's a paradox because even bidding can be a way of communication (and outbidding as well, as a punishment) and not doing so is actually against their self-interest. So the game requires the players to act against their self-interest (simply demanding each player live only inside its bubble: a.k.a assuming everything the other player do is random or irrational) to prove they get negative payoffs in doing so... that's why I dont like these frameworks.
Over infinite repetitions this become evident: both players would eventually simply take turns in single-handedly bidding different items, because every time they dont they will get punished.
Yup, various video games include all-pay auctions, to make it work, they don't let you see other bids.
But in the real auction, you don’t have to pay the losing bid so you just keep bidding to outbid the others and at the same time, get something at a better value. But in this game, you try to outbid the other and also bid to minimize your loss.
@@zariftahmidshoeb3487 Yeah, but in this all-pay auction the issue is: you wouldnt need to minimize your losses if you could rationaly predict what the other player will do. This game doesnt have assymetry of information, both players can predict each-other movements. Its assumed they simply dont and that 'no communication' rules just take out the obvious fault in the framework. They are not perfectly rational. If you assume the other player is irrational, the best strategy becomes not playing at all. 0 losses. Or if you are first, bidding the maximum -1 unit. This way your outcome at least is always positive.
"And thats the easiest 80 dollars your friend billy has ever made, hopefully"
Me and Billy would have made a deal and split it... we win
Tyler Long thats what I was thinking lol
Same
I was just made a comment about this haha
Same
The problem with this is that you are assuming that Billy is trustworthy. One of you is going to have to outbid the other to get the 100, so either you or billy will outbid the other. Billy isn't going to trust you by letting you outbid him and hoping you split the profit, so he is going to insist that he will be the one to outbid you. Then, if billy isn't trustworthy he is going to take his profit without sharing with you. You run into multiple problems in this scenario based on if one person trusts the other person or not. You would also have to agree on how to split it based on how much the bidding is.
What if you both stop at 5 dollars and just spilt profit
Team up with billy and you both win.
Zhang Wei but who tf would team with billy hes a weirdo
If you offered me that I would not accept, I would bid 10$ to win 90$, because you are too afraid to keep going after 5$.
Cooperate.
luther schultz your refusal might trigger his ego and make him keep going until you both lose.
1:36
bold of you to assume I have friends
You: *bids over $100*
Billy: *bids over $100*
Host: "Well, thanks for playing! Gotta run!" *takes off with his winnings*
You and Billy: "Wait a minute-!"
The host wouldn't leave, he would wait for you and Billy to keep bidding (possibly up to 1,000$).
why would anyone agree to "a game" where they would have to pay their bid regardless if they win or lose
Right? just makes no sense
Thought experiment
You
like the lottery?
MinTubeDk it’s called gambling.
I once bought a fake dollar for a dollar so I could fool all my friends into thinking I had a real dollar.
Cool
*now this is **_EPIC_*
When you put all your skill points in intelligence
*Harvard wants to know your location*
Lucky. For a dollar, I could only choose between fake vomit and real vomit.
Me: watching this
My brain : *💤 *
One way to win
Make a deal with opponent in the beginning
“I bid $1.”
*turns to face bidding partner*
I’ll give you $48 to not outbid me.
He'd make a maximum of 50.99 more choosing to outbid you.
Could possibly make ~$99 more than me by choosing to outbid me. But the point is to force the aforementioned backward induction into the open, and hope my partner follows the same path to the "oh, this jerkass was hoping to rip us off" result instead of competing with me.
If Partner chooses to bid $2, then I will stop and lose my $1 and say "I am not outbidding you on purpose" and hope they place some value in cooperation. After all, it barely affects me to lose $1 and doesn't affect me at all if Game Player has that ~$100 versus Partner getting it. I am betting on their charity (and a bit of "revenge" versus the game-player) eliciting quick cooperation and the possibility of gratuity, whether it amounts to "even split" or not.
You assume he'd think that far.
You assume you'd think that far.
But I do get your points, and don't wish to debate them.
Obviously my ability to call out the backward induction component can only happen if I realize it. 😛
But the situation is one of those "too good to be true so there has got to be a catch" situations like "doubling grains of rice on a chessboard" and cause a resonable amount of "let's think this through" from both parties before it got too far.
A more interesting variant might be a one-round, blind bid. No communication, and an almost certain "over $100" win for Game Player because the parties are just trying to think of "juuuuust the right bid" against their opponent once, and now have a potentially-snowballing situation.
What about the 200 other people at the party?
A game you can never win
*LIFE*
Wubba dubba Dub dub You cant win , but you can master it.
I can win it you just can't survive it.
Not unless your bill gates he sold his mansion to pay the bills
More like monopoly
The only way to win, is to quit.
i've heard about that in tv and they made this experiment somewhere, and if ended with one person paying like 40$ for 20$
Isn’t this just one huge subtle flex?
ME: hey friend I only have 5 dollars
FRIEND: I only have 6 dollars
ME: ill bid 5 you bid 6 and split the 100
easy win win for both
I was thinking the same
Stolen comment
''friend''
Billy isn't that smart or cooperative.
up you stay
It's funny that you think someone is gonna play it in the first place.
Rules up front or not. This scenario would never happen.
@@tomfarley226 actually assuming they dont know the game and still know the rules 100 dollars seems a little too good to be true but kinda worth trying because before they even start playing their first thought is "what do i got to lose"
yeah and also having people pay up their losing bid, just won't happen
Brother?
@@atomic_guy3528 IBF closen down. Pu nepo IBF. Open FBI up.
You and Billy talk before the game starts:
*psst*! I'll pay 1$ for that bill and then we split it 1/2 each, k?
Sure!
“In game theory”
MatPat: hold my beer
ill bid 1 buck and split it with my friend
out played the player
Exactly
Have Player1 bid $1 & Player2 bid $2. They get in return $100. Give Player1 $49.5 & Player2 $50.5. In the end, each gets a profit of $48.5. And Bidder loses $97.
That assumes your opponent cooperates. Sometimes winning is a pride thing, people are illogical.
that's what I was thinking throughout this entire video! he said the person is your friend, so why not make a deal with your friend where one person bids the $1 for the $100 and then split
You can't win because the game was rigged from the start.
Ikr
fr the losing bid has to pay too like wtf
I hope this is a New Vegas reference.
🤯
The House always wins
Hey kevin vsauce here
Hey vSauce kevin here
Hey miachel vsauce here
Hey vsauce miachel here
This is a variation of a "game" used on many management team building exercises to show the benefits of communication and cooperation.
Sounds like me and my friend have a gambling problem...
Jim Cooper
Lol 😂
My friend and i*
Do you have a science show “Bill Neigh”
unless me and billy make a cartel agreement to stop bidding after 10 bucks and split your 90
Or just let one guy bid a dollar and the second guy not bid at all, then split the $99.
@@my3dviews Your 100% right
Yup.
My3dviews no, because then why would i share the 99$ with the bidder who bid nothing.
NawtNCosmic just out of gratitude for not continuing the bid
The first 0:45 seconds is just Kevin flexing how much money he has
The game can be won of course. You and your friend start it. Your friend gives $1 and you give $3 then you both stop bidding. When you win the $100 for only $3 give your friend $25 and keep $75 thats it.
What a strange game, where the only winning move is not to play.
Finally. Had to scroll through 100 comments to find the right one. ;)
You can win tho
If there is no way to win, it was never a game, only a con
tipical Loto/gambling
Sounds like dating haha
"Hey Billy, i'll let you win it with your 10$ bid and we split the gain, deal?"
Deal. Except I want 5 more dollars because I'm giving him 10 so it will be an even split then.
Exactly.
After that moment, Bill was never ever seen again.
"No? Ok. Fine. I'll just eat the $5 loss to spite the dealer and disincentivise him from attempting scams like this in future. It's still better than the alternative."
That would actually be illegal as it is illegal to make deals with other bidders to lower prices for an auction.
5:21 Unless you’re playing Final Fantasy X and you’re fighting nemesis.
Reminded me of "kakegurui" series auction for voting chips
"A strange game... The only winning move is not to play"
I sense a man of culture.
"You've been trolled, you've been trolled, have a nice day!"
WarGames
Impossible to win except the auctioneer? Hold on, What if I made an arrangement with my mate that one of us stops at a low amount and he gives me say 30% of the profit?
it was a study on "non-cohoperative behavior" so you have to assume you will never team up with your opponent
What if the auctioneer arranges before with one of the bidder? No, ok, that's just fraud...
@@UnQualsiasiUtente But he explicitly said 'Billy' was my friend. I'm not paying a red cent to someone that moves the goalposts.
I'd lose on purpose to spite the auctioneer
I think the only way to “win” without collusion is to bid $99.99 for the very first bid, you gain $.01 and your competition loses nothing.
"Buying $100 with $99"
Me as an adult : *Stonks*
Someone needs to create an auction site to sell stuff that uses this model....it would rock.
He lets me buy it for $1 and we split 99.
Maybe that's cheating a bit.
cheating a cheater
That is why the paper said this applies to non-cooperative behaviors.
He smile and say let me pay the dollar. You are flattered as it saves you a dollar. He wins the bid and keeps the 100$ and you learn a life lesson of no cooperation.
With that in mind why would they trust you if you are a totally rational being? What could you say that make them believe you would give up 50$ when nothing is forcing you to in the game.
who gonna get the last dollar
I just found my new job, thanks!
*BICH WTF*
People are not that dumb to do that, it's really rare, also if someone bets 10$ and no one else bets then you loose 90$, anyways no one will even find your selling because your probably not that famous on eBay or any selling app.
The trick is that when the person who is first offered this has bid, the other person suggests they split the $100 and he won't bid against the first person. Both win greatly.
This is how several bidding sites work. Ever see the commercials for deal dash
Id just bet one dollar and then let the other guy take it, just to screw with the auctioneer. Pay a dollar to force someone else to give away 99 :D
CybranM give away $97 you mean he still gets your dollar and billy's two dollars
if he's my friend I'd just say "stop betting and we split the 100$".
If we are going to be sticklers he did say "you and your friend" not "you and a stranger" its fair to assume that you and a good friend would rather work together than compete.
Asayake Exactly what I came to comment!
If you listen the explanation and the study closely it was stated - with good reason - that it works only in a "non cooperative" enviroment. Ofc you guys can cooperate and share the gain in a real situation, but the whole premise of the hypothetical expreiment was that you are not cooperating and so you both go for the win without negotiation. And don't think this would be an unrealistic setup in a competitive enviroment where the numbers are a bit more obfuscated and the competition is fierce enough. (sometimes gaining an advantage against a competitior is just literally losing less than them)
I'll just take all the money and.....
Run
I'm faster then you☻
True
@@arthurharris1235 Thats what his friend said to his girlfriend
*drops the bass*
@@connorcclarke taa ta tatataatatatatata taaa ttaa😁😁
7:15 literally the plot of WarGames
Just be first and bid $100 and tell the other guy to thank you later.
Bid 99.99 free penny
a no-win situation sounds like the scientific term for my life
Orily Lelouch?
What if i buy it for 1$ and split it with billy.
PalanticHD then you are a communist
That's insider trading no deal.
@Don Kapsalon the escallations i'd use would be 1.00, then after 5.00 i'd go 5.01 and thus the battle of cents begins
PalanticHD Billy has no gurantees, he would want to buy it and split it with you, but now you don’t have any guarnatees
I was thinking about this video today watching what happened with WTI May 2020 oil contract pricing. Finished at about negative $36 today in a pretty solid illustration of this game in the real world.
Man I had this in a playlist playing in the background while doing math homework, I regret
spoiler:
the game is club penguin island
CactusTeam Club Penisland for short 🍆
more like club pissing island
That's why I play club penguin rewritten
DUDE i had a club penguin video after this video wtf
Since when does a losing bidder ever have to pay the auctioneer if they do not actually buy the auctioned item
Poker
Poker is not an auction.
Buying stocks in a race to own a company
you still own your share's worth of that company even if you don't get controlling share
exactly
The tense music makes me feel like I can start a pyramid scheme using this
"In chess, we call it zugzwang, when the only viable move is not to move." -Nemo (Mr. Nobody)
Really nice to see you back! You're genuinely one of my favourite educational creators and in my opinion one of the most underrated.
Ai raggione anke se io nn capischo qll ke dice
he's got 3.9 million subscribers and this video has been watched 49,707 times in 3 hours, how the hell is he underrated?
dummdumm muddmudd He is not too underrated but a bit underrated..
If Billy is my friend, why wouldn't he juste pay 1 buck and then we share the 99$ ?
No, because Billy is a selfish prick who doesn't like to share
Damn you, Billy
It's simple. We kill the Batman
Better yet, if Billy secretly gives me 50 cents, then I can put in 50 cents and each of us will make a $49.50 profit
Why not $0.02? Then we each get $99.98.
Since this is between me and my friend I want to ask one thing: Is friendly fire on?
Reminds me of rei batsubami's game in kakegurui
Caveat: iff Billy and I cooperate, we could both turn a tidy profit.
My thoughts also haha, was hoping the moral of the story was teamwork lol
Yeah, I found it strange how vsauce dude completely disregarded that option, that was literally the first thing I thought of!
Xellos357 its a good moral, teamwork is the only way to win... i think the study itself at least implied that, but Vsauce not mentiining it is silly
"That's the easiest 80 bucks Billy has ever made... Hopefully" ......
What does it mean?
...MURDER!!!
LeBro or prostitution
Justin Y. He said “easiest 80 bucks billy has ever made, hopefully”, which means that he hopes billy hasn’t acquired this 80 in an easier way...
...LIKE MUUURRRDER!!!
LeBro Murder is not easy
LeBro What Ryan said
Is this the reason that I put new brakes and rotors on my old van just before the transmission blew?
“I swear its always Billy’s fault”
I’ll bid $99.99 immediately.
Then someone pays 100$ and you lose 99$
@@kyoyoberry he means before the other guy bids, so the other guy has nothing to lose and lets you get it cause he has nothing to win by bidding 100 to get 100
But the starting bet is $1 which means that the guy who bid the dollar before you can go from -1 dollars to 0 flat, a rational decision which now puts you at risk of 99.99 then the train starts
Yes you can fact check me (he makes it very clear that the bid starts at $1)
But what if no one else bids, then you get a penny rather than a whole 99$.
But how much does "losing", weigh?
made my day
And can you eat it?
Good question :O
Weigh my dude
1. Get 2 guys
2. Weight them.
3. Let them play a game for two.
4. Measure the weight again of whoever loses. The difference between the two measurements is how much losing weighs.
5. Profit?
Very interesting, I didn't even think it was possible.
And this is not just an abstract game, we put a lot of effort in things, we already committed to.
Remember that unfinished bookshelf in the garage? Sometimes we feel we must continue just because of the previous spendings.
And it's fine. Maybe in this case finishing a bookshelf is more important than getting a bookshelf.