Thursday, April 20, 2017

Proposal: Fixed minimum bid increment

Timed out 6-0. Enacted by card

Adminned at 23 Apr 2017 06:18:22 UTC

If the proposal “Bid Increment” passed, remove this text in the “Recruitment” rule:

The minimum bid increment (MBI) for auctions is 10% of the current highest bid, or $1, whichever is higher. Bids must increment by at least the MBI.

Replace the following sentence in the “Recruitment” rule

When the auction is closed, the Manager who had the valid bid with the highest value X spends X from their Cash to employ that Blogger, breaking ties toward the first bidder. If there are no valid bids when the auction is closed, no Manager employs that player and the player is not tracked on Blogger Roster.

with

When the auction is closed, the Manager who had the valid bid with the highest value X that is at least 10% greater than the next highest valid bid on that post (or is the only valid bid on that post) spends X from their Cash to employ that Blogger. If there are no valid bids when the auction is closed, no Manager employs that player and the player is not tracked on Blogger Roster.

Replace the following sentence in the “Recruitment” rule

Any comment on an Auction that contains the string “I bid $X” or “I bid £X” is a valid bid of value X if X is an unambiguous positive integer and the commenting Manager employs fewer than three Bloggers.

with

Any comment on an Auction that contains the string “I bid $X” or “I bid £X” is a valid bid of value X if X is an unambiguous positive integer that is greater than all current valid bids on that post and the commenting Manager employs fewer than three Bloggers.

If the proposal “Lord, bless these Managers’ hearts” passed, add the following to the list of things that make a bid invalid:

- A previous bid on this post was made for a higher amount.

Makes it more clear what happens if someone disobeys the minimum bid increment - their bid simply cannot win, though it still counts as a valid bid for the purposes of calculating minimum bid increment.  Also, this explicitly disallows underbidding to steal a bid: if one person bids $100, and then another person bids $115, a third person could come along and bid $111, causing the $115 bid to fail to meet minimum bid increment and become invalid even though $111 is lower than $115.  With the second part of this proposal, the $111 bid would simply not be a valid bid, either for deciding the winner or for calculating minimum bid increment.

Now fixed to be compatible with pokes’s proposal.

Comments

Publius Scribonius Scholasticus:

04-20-2017 23:03:44 UTC

There should be a cap on how high the minimum bid increment can get.

Oracular rufio:

04-20-2017 23:09:39 UTC

I think we can leave that for now and add it in a future proposal, because I don’t know how to set it, or even if it should be.  Maybe we should let people spend ludicrous amounts of money on players if they want to?  Maybe bidding a large amount of money early on to dissuade other people from bidding is a valid strategy?

Publius Scribonius Scholasticus:

04-20-2017 23:11:29 UTC

Maybe, let me think about it.

Matt:

04-21-2017 01:18:52 UTC

for

arthexis:

04-21-2017 01:21:59 UTC

for

Cuddlebeam:

04-21-2017 06:11:17 UTC

for

card:

04-21-2017 15:25:15 UTC

for

pokes:

04-22-2017 00:45:18 UTC

for