apple168
2048 posts |  Posted by apple168 > Aug 26, 2019 4:18 PM | Report Abuse
One dollar Money Game"
Story begins like this...
It is said that Yale University Professor KO once took out a one-dollar bank note. Please ask for the price of this bank note, starting at 5 cents. The increase is in 5 cents, and the highest bidder gets this $1 bank note, but the bid "highest and second highest" must pay the auctioneer the amount of the bid, which means that the second highest person must pay and can be obtained.
This kind of unique dollar auction has invited everyone's interest. Many students started bidding. For convenience, I will only list the highest and second highest bids.
Student A bids 5 cents
Student B bids 10 cents
Student A goes out to 15 cents
Student B goes out to 20 cents...
When the two students reached 45 cents and 50 cents, they started to feel a little bit wrong. At this time, if no one gives a higher price, the professor will lose 50 cents. At this time, A wants to lose 45 cents if he does not bid, so he continues to bid 55 cents, I thought I might earn 45 cents.
Of course, B is not willing to lose, he has been 5 cents more than A. When A goes out to 95 cents and B goes out to 100 cents, B can't make any money, and A thinks if he doesn't bid. To lose 95 cents, you may lose only 5 cents if you continue to bid.
Then
A continues to out to 105 cents...
B continues to go to 110 cents...
......
The last dollar was auctioned for $20! At first the students just had the opportunity to pay a few hundred cents for the professor's dollar.
The most subtle design of this auction is that the second highest bidder also needs to pay the price he shouted, but in the end nothing can be obtained.
Many people just fall into the trap because they are in the trap. The baby's heart is bitter, but the baby doesn't say it. It will drag those who want to take advantage of it into this money game, and eventually lose both.
In fact, at first, students are feeling interesting and thinking that they can even make a small profit, but when the bids going higher, they actually feel that they are in trouble, but in order not to let themselves losing up, hence, continuing to bid, and finally, regret to participate in this auction.
In reality, why do people fall into the money game trap again and again? We believe this is likely due to GREED! In order to earn pocket money, the result is "winning the sugar, losing the whole factory."
There is “no elevator to success, you hv to take the stairs”.
Good Luck! |
newbie4444
762 posts | Posted by newbie4444 > Nov 8, 2019 4:54 AM | Report Abuse I don't yam seng. I drink tea everyday. |
newbie4444
762 posts | Posted by newbie4444 > Nov 8, 2019 4:54 AM | Report Abuse Why QR delay from 2018 31 Oct'18? |
enigmatic ¯\_(ツ)_/¯
523 posts | Posted by enigmatic ¯\_(ツ)_/¯ > Nov 14, 2019 12:32 PM | Report Abuse I guess this is a cup and handle formation? Could it be due to better than expected results? |
chamlo
915 posts | Posted by chamlo > Nov 14, 2019 10:54 PM | Report Abuse MPs from PAS, Umno call for ban on liquor consumption in public areas
https://www.freemalaysiatoday.com/category/nation/2019/11/12/mps-from-pas-umno-call-for-ban-on-liquor-consumption-in-public-areas/ |
Kensington
94 posts | Posted by Kensington > Nov 15, 2019 3:14 PM | Report Abuse I'm waiting for the day HEIM's market cap (7.981 b) will overtake that of Carlsberg (8.683 b). Any time soon? |
Hock Chai Tern
14 posts | Posted by Hock Chai Tern > Nov 28, 2019 5:52 PM | Report Abuse 34sen，wakakaka... |
bylkw2
141 posts | Posted by bylkw2 > Nov 28, 2019 6:02 PM | Report Abuse wah HEIM power, 100m profit, surpassing carlsberg by so much |
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smartly
5735 posts | Posted by smartly > Nov 28, 2019 6:24 PM | Report Abuse yum seng !!! |
Aries
500 posts | Posted by Aries > Nov 28, 2019 6:26 PM | Report Abuse Fantastic. |
chun2
9 posts | Posted by chun2 > Nov 29, 2019 2:11 PM | Report Abuse Now please go take over the lead from bro Carl |
NavinShah
227 posts | Posted by NavinShah > Dec 6, 2019 9:08 AM | Report Abuse Sure it will go higher than "Carlsberg" matter of time. |
NavinShah
227 posts | Posted by NavinShah > Dec 18, 2019 9:24 AM | Report Abuse Heim is catching up to Carlsberg's share price??? |
TianTianHuat
483 posts | Posted by TianTianHuat > Dec 18, 2019 2:58 PM | Report Abuse PMHLDG (PMH).... Hahaha.. huii huii....
PMHLDG (PMH).... Hahaha.. huii huii....
0.085 NO More lah...
PMHLDG (PMH).... Hahaha.. huii huii....
PMHLDG (PMH).... Hahaha.. huii huii....
0.085 NO More lah...
This year really BIG BIG MERRY MERRY CHRISTMAS lor...
PMHLDG (PMH).... Hahaha.. huii huii....
PMHLDG (PMH).... Hahaha.. huii huii....
Many people miss the boat lor... ONLY tiantianHuat.... PMHLDG (PMH).... Hahaha.. huii huii....
PMHLDG (PMH).... Hahaha.. huii huii....
TianTian Huat tua huat liao....
PMHLDG (PMH).... Hahaha.. huii huii....
PMHLDG (PMH).... Hahaha.. huii huii....
You still got 1 more chance is to sapu 0.09 lor.... It will finish very fast too...
TianTian Huat tua huat liao....
PMHLDG (PMH).... Hahaha.. huii huii....
PMHLDG (PMH).... Hahaha.. huii huii.... |
zhen wei & JP
750 posts | Posted by zhen wei & JP > Dec 21, 2019 11:02 PM | Report Abuse Heineken Q4 profit increase due to increased beer sales. |
NavinShah
227 posts | Posted by NavinShah > Jan 2, 2020 10:53 AM | Report Abuse China Hari Ray all beer will go missing. Yam Seng. |
gemfinder
585 posts | Posted by gemfinder > Jan 3, 2020 12:09 PM | Report Abuse bought some 27.40... yuuum seng |
gemfinder
585 posts | Posted by gemfinder > Jan 6, 2020 9:59 AM | Report Abuse add 27.32 |
