A daily auction game where the closest-to-median bid wins
Neptunian Gaussian Auctions is a web auction service that offers only one item per day. People place bids by guessing what price other bidders will choose. The winner is not the highest bidder.
The winning bid is the one closest to the of all bids. The main idea is to predict the crowd’s , not to estimate the item’s true price.
Key points
- Only one auction item is available each day.
- The closest bid to the wins.
- The highest bid does not automatically win.
- The game depends on guessing how other people will price the item.