alt Hacker NewsSo it should be the highest price such that you're not indifferent, you marginally prefer to buy it. The point is that you're right at the threshold where it's just barely worth it to you.
So it should be the highest price such that you're not indifferent, you marginally prefer to buy it. The point is that you're right at the threshold where it's just barely worth it to you.
The gap between total indifference and wanting something bad enough to bid on it is always going to be more than $.01.