for our next game we’re holding an
auction we’re gonna see if we can get
people to spend more than 20 bucks on a
$20 bill but there’s a catch
the runner-up also has to pay the amount
they bid that extra rule might not seem
like much now but we guarantee it’ll
come into play later how high do you
think the bidding will go we’re gonna
start off at $1 in the back number 505
is in for $1 in the purple shirt I’ve
got $2 right there at number 222 $2 who
wants to bid 4 3 4 3 number 202 do I
have a $4 but I’ve got a poor Delavan
right here in the front of the room
there Wow our auctions off to a great
start if it ended now the winner would
get a $20 bill for just $10 but things
are just getting warmed up
ok I get $11 $12 $13 a bit do I have a
$14 bit $14 bit number 808 right there
5:05 is back with $15 right now this guy
owes $15 for $20 which means he’s still
ahead $5 but second place owes $14 and
gets nothing in return if you had bid
$14 what would you do lose your money or
keep going this is where things get
interesting 16 dollars is the Midd we
now have here
575 is in for 17 dollars while most of
the crowd is starting to realize that
something’s not quite right
it was frenzy out there so I end up
bailing out a few intrepid people stay
in number 2 0 2 is in for $18 $19 on the
course for 4 Kuhlman we never saw this
coming this is incredible ok now it’s
down to these guys but let’s take a
second and think about what’s about to
happen
one of these guys is going to spend $20
on a $20 bill and the other guy is going
to spend 19 bucks on absolutely nothing
will they keep playing or quit while
they’re ahead oh there it is right there
are $20 bill this guy just bid $20 on
the $20 bill at this point it’s a no-win
situation one person is going to overpay
for a $20 bill and the other person is
gonna pay a whole lot of money for a
whole lot of nothing will they keep
bidding or will they realize they can’t
win there it is right there there’s a
$21 bid right now do I have a $22 minute
number 202 $22 the bed right there
22 the not gonna turn over to zero to
this auction just went from who’s going
to win the most to who’s going to lose
the least at this point they’re just
throwing away money for for-4 is bagger
at $23 it’s once again a two horse race
and 202 is back with a $24 bid and there
it is a 25 dollar bid right there will
you give me 26 I know you got it there –
all judo’s and there it is $27 the pride
is kicking in at this point
he’s rolling us and there it is $28 the
mid right now the unusual rules of this
option are forcing these guys to make
what looks like irrational choices what
would you do in this situation
auction we’re gonna see if we can get
people to spend more than 20 bucks on a
$20 bill but there’s a catch
the runner-up also has to pay the amount
they bid that extra rule might not seem
like much now but we guarantee it’ll
come into play later how high do you
think the bidding will go we’re gonna
start off at $1 in the back number 505
is in for $1 in the purple shirt I’ve
got $2 right there at number 222 $2 who
wants to bid 4 3 4 3 number 202 do I
have a $4 but I’ve got a poor Delavan
right here in the front of the room
there Wow our auctions off to a great
start if it ended now the winner would
get a $20 bill for just $10 but things
are just getting warmed up
ok I get $11 $12 $13 a bit do I have a
$14 bit $14 bit number 808 right there
5:05 is back with $15 right now this guy
owes $15 for $20 which means he’s still
ahead $5 but second place owes $14 and
gets nothing in return if you had bid
$14 what would you do lose your money or
keep going this is where things get
interesting 16 dollars is the Midd we
now have here
575 is in for 17 dollars while most of
the crowd is starting to realize that
something’s not quite right
it was frenzy out there so I end up
bailing out a few intrepid people stay
in number 2 0 2 is in for $18 $19 on the
course for 4 Kuhlman we never saw this
coming this is incredible ok now it’s
down to these guys but let’s take a
second and think about what’s about to
happen
one of these guys is going to spend $20
on a $20 bill and the other guy is going
to spend 19 bucks on absolutely nothing
will they keep playing or quit while
they’re ahead oh there it is right there
are $20 bill this guy just bid $20 on
the $20 bill at this point it’s a no-win
situation one person is going to overpay
for a $20 bill and the other person is
gonna pay a whole lot of money for a
whole lot of nothing will they keep
bidding or will they realize they can’t
win there it is right there there’s a
$21 bid right now do I have a $22 minute
number 202 $22 the bed right there
22 the not gonna turn over to zero to
this auction just went from who’s going
to win the most to who’s going to lose
the least at this point they’re just
throwing away money for for-4 is bagger
at $23 it’s once again a two horse race
and 202 is back with a $24 bid and there
it is a 25 dollar bid right there will
you give me 26 I know you got it there –
all judo’s and there it is $27 the pride
is kicking in at this point
he’s rolling us and there it is $28 the
mid right now the unusual rules of this
option are forcing these guys to make
what looks like irrational choices what
would you do in this situation
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