Bids are rather small relative to the budget and they are probably going to stay that way. Discounting bid amounts is problematic because the entire reason for bidding is because we want to win the auctions. There is a sharp drop-off in bids won as the bid decreases (the graph is almost vertical at a particular cut-off point. Instead, a more viable strategy is to not bid lower, but to bid less frequently.

Cheers,
Ovid

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In reply to Re^2: A distributed design challenge by Ovid
in thread A distributed design challenge by Ovid

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