This is a fun way to play with peoples' perceptions of the almighty dollar... Get a group of at least two people and tell them you're going to auction off a dollar bill. Tell them that, so expenses will be covered, both the winning bidder and the second-highest bidder must pay. To make things go quickly, tell them the bid increment is ten cents. Unless you have weird friends (which you probably do if you're here, but that's beside the point unless they happen to choose to be weird with regard to the auction), things should go somewhat normally, until finally your second highest bidder has bid 80 cents and your highest bidder has bid 90 cents. At this point, the second highest bidder realizes that if they stop bidding, they are out 80 cents, but if they bid a dollar, they break even. So they bid. Then your highest bidder has bid a dollar, and your second-highest bidder has bid 90 cents. Your second highest bidder will realize that if they don't bid again, they're out 90 cents, and if they do bid, they'll only be out ten cents. So they bid again. And it can keep going for quite a while... Usually, after I do this, I tell them that we can cancel the auction results if they're both willing, and they usually do... but if you wanted to be mean and actually take their money you could do that too. Either way, it's pretty cool to see peoples' reactions the first time they encounter the dollar auction.
i dunno about you, but your firends are stupid to play this game. it all depends on who bids first to determine what happens. if it was me and a friend id th other guy give me 5 c and id put in 10c vote, and then wed split the 90 both ways
