A Game You Can Never Win

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This is a thought experiment, not a real offer. If someone offers to sell you a $100 dollar bill for $5, you’d take that deal instantly, right? Of course! But suddenly your friend jumps in and offers $10 for the $100 and now you’re in a bidding war.
Here’s the catch: the seller says that the losing bidder has to pay him their unsuccessful bid. So, the bids escalate. $20! $50! $100 for a $100 bill -- and now you and your friend are both in trouble.
Martin Shubik’s Dollar Auction Game shows us that escalation based on rational decision-making can lead to disastrous results and trick you into playing a game you can never win… and it happens in real life way more often than we realize.
** LINKS **
Get Vsauce's favorite science and math toys delivered to your door!
www.curiositybox.com/
2018 Currency Budget
www.federalreserve.gov/foia/f...
The Fed - How Much Does It Cost To Produce Currency And Coin?
www.federalreserve.gov/faqs/c...
New $100 Bill Costs 60% More To Produce (Article from 2013)
www.marketwatch.com/story/new...
Prop Movie Money
propmoviemoney.com/product/ne...
Hasbro Monopoly Money
www.amazon.com/dp/B00000IWCW/
Tullock Auctions
blogs.cornell.edu/info2040/20...
Knee-Deep In The Big Muddy: A Study Of Escalating Commitment to a Chosen Course of Action
citeseerx.ist.psu.edu/viewdoc/...
The Dollar Auction Game: A Paradox in Noncooperative Behavior and Escalation by Martin Shubik
www.math.toronto.edu/mpugh/Tea...
Backward Induction
vknight.org/Year_3_game_theor...
***********************************
Vsauce2 Links
Twitter: / vsaucetwo
Facebook: / vsaucetwo
Hosted, Produced, And Edited by Kevin Lieber
Instagram: / kevlieber
Twitter: / kevinlieber
Website: kevinlieber.com
Research And Writing by Matthew Tabor
/ matthewktabor
VFX By Eric Langlay
/ ericlanglay
Huge Thanks Paula Lieber
www.etsy.com/shop/Craftality
Select Music By Jake Chudnow: / jakechudnow

Опубликовано:

16 сен 2018

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Комментарии : 9 тыс.

@Vsauce2 5 лет назад

HI THERE, YOU. I took the summer off to write a book. I was able to get 10 chapters finished, looked at the calendar, and realized it was time to get back to you. So I'm back. Hello. I will work on the book during weekends until it's finished. For now, expect more videos, more frequently. And as always... thanks for commenting.

@rafalg87 5 лет назад

Hello there. What's the book about?

@zebra232010 5 лет назад

Whats it about?

@javiarroy 5 лет назад

I'm so happy you are back!

@omegafury204 5 лет назад

I tell billy that dude don't go higher, let's buy the 100 dollar for my 10 while you put 5 dollars, let him have 15...we still get 85 back.... and lets split it .....and YOU, the 100 dollar owner, LOSE ..hahaha

@PeanutButterPope 5 лет назад

Great video, what's the book about?

@jantrojnar4111 5 лет назад

1: bid 10$ 2: tell your friend not to bid 3: split the won 100$ in half

@namp2018 5 лет назад

But you only get 40$ in the process whilst Billy gets 50$. Should be 40/60 Edit: checked my math again and it's supposed to be 55/45 so you get 55$ and your friend gets 45$ since you're the one who bet 10$ you should have 10$ more when you get the profit if you want equal profit (lmao 9 months late) If you followed my last, incorrect math, the profit the two of you get will be 50$ and 40$.

@stanisawswierczynski23 5 лет назад

@@namp2018 it doesn't matter because you still win.

@symonoxide7873 5 лет назад

@@stanisawswierczynski23 you guys missed the part where the bidders can't cooperate

@xKomer 5 лет назад

• AoSpring • then ur getting 50, and your friend 40...Should more be like 55/45

@alexanderelsen9397 5 лет назад

Better yet 1:bid 10$ 2: tell your friend not to bid 3:Don't split the won 100$ in half and keep all of it

@lililllililiiiilli1054 5 лет назад

Me: $99 on my first bid Billy: has no reason to place a bid Me: wins $1

@TheDanielBentes 5 лет назад

Billy would bid 99.99, then you would bid 100, and both of you would be f*&%ed up hahah if you meant 99.99, I agree with you

@Nolliadrad 5 лет назад

@@TheDanielBentes no bc 1$ will not seem valuable enough to billy so he will not bid

@ProdByAD21 5 лет назад

Lost 99*

@user-jc4ew1on5n 4 года назад

Stonks

@zoiuduu 4 года назад

the game only starts at the second bidding

@3xtremelamborghini 4 года назад

Title:”the game you can’t win” Me after watching the video: I can I just have to be the one selling the 100$

@ZappyRXQ 3 года назад

no no hes got a point

@JR-yt6zn 3 года назад

Zappy hopefully he doesn’t poke someone with it

@Salsuero 3 года назад

Sure, but if he convinces the other two they can't win... then neither can you since they won't play. ;-)

@vivianm1851 2 года назад

Nice to meet you Mr. Gates sir!

@andrewsparkes6275 2 года назад

Then you yourself aren't playing the game, so are neither winning nor losing the game. You are gaining profit from the meta circumstance surrounding the game, but you aren't winning the game itself.

@slaayerplaayer2654 4 года назад

Friend: hey 1 dollar for 100 Me: ok Billy: I got 5 dollars Me: let’s just split it Billy: ok Friend: wait no

@illidanstormrage5313 4 года назад

Ez win

@thenailsageofgeo4975 3 года назад

But maybe Billy doesn’t like you much?

@oyvind-8557 3 года назад

The Nailsage Of Geo then you tell him that it is no point loosing profit

@lennaerthondelink7374 3 года назад

@@thenailsageofgeo4975 It's said that he's your friend

@dreadarchive-6915 3 года назад

That’s why capitalist governments go after communist countries. (:

@aidangittings7810 5 лет назад

Shipping cost: *$1000*

@Majestic469 5 лет назад

rip lol

@AZ50GamingLite 5 лет назад

lolll

@ViratKohli-jj3wj 5 лет назад

Lmao😂😂 By the way I am Virat Kohli Captain of Indian Cricket Team hahahahahahaha

@neonicplays1364 5 лет назад

Australian Shiping Cost. 10000000 dollars

@neonicplays1364 5 лет назад

Australian Shiping Cost. 10000000 dollars

@lisamarie2714 5 лет назад

Kevin: hey! Want $100 for just $1? Billy: I’ll give you $5! Me: * knocks Billy out *

@ourdreams9130 5 лет назад

😂😂💀

@skilledskeleton3124 4 года назад

😂😂

@sixela6 4 года назад

What did i do?

@mariafe7050 4 года назад

@@sixela6 Please go to this link: www.reddit.com/r/beetlejuicing/

@kay-yg2rl 4 года назад

I'll Give you 70$!

@Skwertydogs 3 года назад

"The only winning move is not to play" - Joshua

@raebarwell9396 2 года назад

tic tac toe...good call !

@ashbrothers1020 5 лет назад

Literally every mom: you cant win or lose if you dont play Me:

@oswaldosanchez5044 5 лет назад

Bold of you to assume I can bid over $20

@jamesmd9925 5 лет назад

Bold to assume we could bid over 2¢

@jorichickennugget9031 5 лет назад

Bold of you to assume I can bid over 0 cents

@kidding6712 5 лет назад

Lol

@jorichickennugget9031 5 лет назад

Ralsei lol

@jessicamcivor6493 5 лет назад

What is a c with the two lines

@Taikamuna 5 лет назад

1:37 jokes on you, I don't have friends

@_panilaperman9881 5 лет назад

*_MEGA OOF_*

@tommiet755 5 лет назад

Me too I have abanned all of them today

@producedbyfreaaky1950 5 лет назад

yiay man

@SalamanderMagic 5 лет назад

You beat me to the joke damn

@xEpTICSHOTZz 5 лет назад

This is actually sad

@badbb6720 4 года назад

This officially proves why Vsauce is so rich

@AsianSensationist 4 года назад

I remember doing this game in a college economics class. The professor ended up selling his $5 bill for like $10.

@Marshmellow_Cat Год назад

Easy cash 💸 💰 🤑

@sarahshirts5772 5 лет назад

Just get your two most competitive friends and your set.

@mauntaxthelegend3188 4 года назад

you are

@dashzhlomzhers3594 3 года назад

@@mauntaxthelegend3188 no

@mauntaxthelegend3188 3 года назад

@@dashzhlomzhers3594 yes

@theholydoge7616 3 года назад

@@mauntaxthelegend3188 no

@theholydoge7616 3 года назад

@@mauntaxthelegend3188 you wanna pay 100$ to prove me wrong?....

@brian81877 5 лет назад

Just keep bidding forever. He'll never collect his profit because game is still in play.

@user-ri1hb9zq8c 5 лет назад

Yeah just use ( 1 cent added ) cents and take a pause for 5 seconds to bid

@user-ri1hb9zq8c 5 лет назад

1 whole dollar would take take 1000 seconds for you to bid in the game ( you do 500 seconds and your opponent does another 500 so the time for you to bid 1000 seconds ) and till y'all get to 99 dollars 99000 seconds will pass and that's over 1500 hours which is over two or three months

@genesssisss 5 лет назад

The game ends when the cash ends... meaning someone is bound to get broke and not able to bid no more thus the other person bidding wins

@benjaminh2994 5 лет назад

Then we can just say there is a time limit to prevent those types of people.

@brian81877 5 лет назад

@@benjaminh2994 you can say whatever you want but it doesn't fall within the the original rules. You can't just make up rules of the game as you go along.

@jesusmorelikedeeznuts6713 4 года назад

Billy: "I bid one dollar" Me a extremely competitive person : "I bid you my kids , my house , my access card to the white house and my dog"

@jw4277 4 года назад

I thought Karen already took your kids

@guidedscarab1119 4 года назад

J W OHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHhhhhhhhhhhhhhhh Supa hot fire

@lucaarmstrong6375 4 года назад

You don’t say “a extremely”. Because the a is before a vowel sound you say an instead of a!

@namansingla2975 4 года назад

@@lucaarmstrong6375 Quarantine made you do it, isn't it?

@cadeh072 4 года назад

NOT THE PUPPY DOG 🐶

@ignitesyou5937 4 года назад

I did this with my friends and earned $74.45 thanks vsauce

@burkikoburkiko6209 2 года назад

LMAO really?

@polygontower 2 года назад

Your friends are really dumb They should have stopped bidding and split the 100

@athanasiospapazoglou7310 Год назад

Morallity is a poor mans quality

@BaalTomekk Год назад

You mean prior friends?

@thethe5355 Год назад

I wouldn't want to be your friend

@rano4651 5 лет назад

*Lol I did this with my friends but they took my $100 and beat me up lol it was awesome*

@rano4651 5 лет назад

@Attack Helicopteryeah they're my best friends when I buy them stuff

@sithposter3087 5 лет назад

lol you're the best

@bl5533 5 лет назад

jimmy fox GOLD DIGGERS

@breadcrust9903 5 лет назад

jimmy foxx

@somestupiddudewithayoutube4676 5 лет назад

jimmy 🤠

@brandond.6748 5 лет назад

Just tell the other person to stop bidding and you can split the $100

@flarenova6286 5 лет назад

Ikr

@happylimo1216 5 лет назад

Lol true

@MuhammadIqbal-do7ki 5 лет назад

yeah its true..

@daniyalch6099 5 лет назад

thats exactly what I thought

@thecheekibreeki3197 5 лет назад

100th like les goo

@yellowpowr8455 Год назад

So this is just everything everyone always told me about gambling and casinos, except it can actually be logically proven. Neat.

@magpie0_026 4 года назад

Kevin: that seems like a dea- oh wait your friend Billy wants to bid with $5 Me: Billy I swear to god-

@shotokhan1992 5 лет назад

if billy is your friend agree to split it 51-49 if billy bids $2, you don't talk to billy anymore

@chockerify 5 лет назад

Sadly the paradox is for NC or noncooperative behavior only. So this would be a great way to beat the game with cooperative behavior, but that's not allowed for the circumstances. I believe he confused everyone when he said friend. It would have been a better analogy to say that you're playing against a stranger. At around 5:41 it shows the article that talks about why this game only works with NC behavior.

@fakepillow1 4 года назад

Me and the bois: no me pay Friend: no me Friend2: no me Me: guys stop if i pay 1$ and i get 34$ we all get 33$ profit

@adamvale945 5 лет назад

How to win the game. Immediately bid $99.99 before the other person has a chance to make a bid. The other bidder doesn’t yet hold a commitment to the bid, and thus has no incentive to outbid you.

@wowmananimations7686 5 лет назад

then you make a useless 1 penny

@tzimiscelord8483 5 лет назад

And you need to actually have the cash

@wowmananimations7686 5 лет назад

Yeah and if you stop then just run away and dont pay

@gbs5009 5 лет назад

Then the auctioneer's shill bidder bids $100 so they can get your $99.99. Penny Auction sites would pull that sometimes.

@alexjenkins2836 5 лет назад

Lol

@MahDude 4 года назад

3:12 that's bassically how the lottery works, on a smaller scale.

@huh968 3 года назад

lol what do you think a lottery is

@yash-cr1ie 3 года назад

Bassically that’s not how auctions work.

@the_rover1 5 лет назад

I tried this with my parents. I'm on a one week home detention now. thanks, vsauce!

@Marshmellow_Cat Год назад

Why what happened? 😆 🤣 😂

@Nexxarian 5 лет назад

Who would ever partake in an auction where you pay your losing bid? Tf?

@angrysshark 5 лет назад

@whyamiatree4177 5 лет назад

Cool beans

@iTzMiiiichaeL 5 лет назад

Thanks for not making me have to make this comment!

@DelphicExpanse 5 лет назад

with two players, its the same as a penny auction with two players. en.wikipedia.org/wiki/Bidding_fee_auction

@leonardoescribano 5 лет назад

Everyone that enters a casino?

@sneakysquirrel1990 5 лет назад

they bid a $1.00 i bid $2.00 and agree to split the difference. we both walk away with $48.50 and the seller gets $3.00 isn't that a win?

@online_cat 5 лет назад

matthew lucenti lmao why would i do that if i can get 100?

@sneakysquirrel1990 5 лет назад

@@online_cat because the longer the bidding war goes on the more we would both lose in profit

@cybern9ne 5 лет назад

You wouldn't get 100 because you'd have to pay for it. It will never be 100. The 2 players should agree to cheat the other guy. Player 1 bets 1. Player 2 bets 2. Player 1 quits.

@IWiLlRoCkUMaN 5 лет назад

Agreed.

@sk8triks229 5 лет назад

I was just gonna write that 👍

@West-brook 3 года назад

"And thats the easiest 80 dollars your friend billy has ever made, hopefully"

@The__Leo69 4 года назад

I came across this for the first time in Nat Geo's Brain Games. They set up an auction to experiment with random people. Goes well till it is $100 for $100 note. Then people started smelling the problem 😂😂😂😂

@PowahSlapEntertainmint 5 лет назад

I once bought a fake dollar for a dollar so I could fool all my friends into thinking I had a real dollar.

@wgwggwgwg6993 5 лет назад

Cool

@user-zu6ts5fb6g 5 лет назад

*now this is **_EPIC_*

@sodastars9708 5 лет назад

When you put all your skill points in intelligence

@polycultural-capital-enjoyer 5 лет назад

*Harvard wants to know your location*

@thereflecturbatorii8478 5 лет назад

Lucky. For a dollar, I could only choose between fake vomit and real vomit.

@thedivinechaos4200 5 лет назад

I have never heard of paying your losing bid.

@Rcklee 5 лет назад

TheDivineChaos poker

@jdmagic 5 лет назад

TheDivineChaos Neither have I.

@RealDarkBlade 5 лет назад

victor laget that is a bet not a bid

@Rcklee 5 лет назад

RealDarkBlade my bad, sorry

@deadsi 5 лет назад

@@lukesanderson7608 u still own the stock tho as opposed to nothing

@bryanzhao1987 3 года назад

4:46 You know the rules... and so do I!

@catie5403 3 года назад

Just when I thought I was safe...

@chachingfm 5 лет назад

This is probably one of the most intriguing videos on RU-vid and I love to be on the other side of things and making that sweet sweet profit is the bidding escalates

@_dr_ake 5 лет назад

Billy and I team up. I bid $1, he bids $2 then we stop and split your $100. I then shoot Billy in the back and run off with the cash.

@419fish 5 лет назад

What a dumb idea. Just shoot the auctioneer and never bid. Less steps

@ilumistratewfb237 5 лет назад

Or... you could Just rob a bank! why have 100 bucks when you can have 100000$

@lorekeeper685 5 лет назад

4)summon yog sothoth

@VIpown3d 5 лет назад

2 dollars for murder. nj

@ilumistratewfb237 5 лет назад

I just robed a bank ...Can you hide me from the poli ? For at least ...10 days?? Pls (you have become my complis)

@Thaedryk 5 лет назад

That’s when you pay your friend to throw the game and split the profit.

@omegafury204 5 лет назад

@carstekoch 5 лет назад

@عمر حليله There are no other players present in this example, otherwise they would have entered the game somewhere between 15 and 99 dollars. So his tactic is a definite win.

@Linck192 5 лет назад

not that anyone would ever wanna play this game to start with

@Dodgerific 5 лет назад

Exactly what I was thinking (if there are only 2 bidders)

@kingjeshua0 5 лет назад

Even if you don't conspire, no time limit was set. We could be bidding till the end of our lives and then there is no point.

@ikshwakgannoju2519 3 года назад

7:15 It's like "Sometimes the only way to live a life is to not live it.".

@eJuniorA2 4 года назад

These all-pay auctions are based on the assumption the players can't cooperate with each other. It's a paradox because even bidding can be a way of communication (and outbidding as well, as a punishment) and not doing so is actually against their self-interest. So the game requires the players to act against their self-interest (simply demanding each player live only inside its bubble: a.k.a assuming everything the other player do is random or irrational) to prove they get negative payoffs in doing so... that's why I dont like these frameworks. Over infinite repetitions this become evident: both players would eventually simply take turns in single-handedly bidding different items, because every time they dont they will get punished.

@hlw2499 3 года назад

Yup, various video games include all-pay auctions, to make it work, they don't let you see other bids.

@zariftahmidshoeb3487 2 года назад

But in the real auction, you don’t have to pay the losing bid so you just keep bidding to outbid the others and at the same time, get something at a better value. But in this game, you try to outbid the other and also bid to minimize your loss.

@eJuniorA2 2 года назад

@@zariftahmidshoeb3487 Yeah, but in this all-pay auction the issue is: you wouldnt need to minimize your losses if you could rationaly predict what the other player will do. This game doesnt have assymetry of information, both players can predict each-other movements. Its assumed they simply dont and that 'no communication' rules just take out the obvious fault in the framework. They are not perfectly rational. If you assume the other player is irrational, the best strategy becomes not playing at all. 0 losses. Or if you are first, bidding the maximum -1 unit. This way your outcome at least is always positive.

@legionslaughter6312 5 лет назад

I didn’t bid anything. Stop making fake accusations.

@tarshej.2242 5 лет назад

Fake news confirmed

@tarshej.2242 5 лет назад

@MaverickMedia100 who is billy

@foxwhite25 5 лет назад

@@tarshej.2242 The guy in the video?

@thlamuana2526 5 лет назад

Hi Billy

@tarshej.2242 5 лет назад

@@foxwhite25 the comment just didn't really make sense imo

@cthellis 5 лет назад

“I bid $1.” *turns to face bidding partner* I’ll give you $48 to not outbid me.

@snbeast9545 5 лет назад

He'd make a maximum of 50.99 more choosing to outbid you.

@cthellis 5 лет назад

Could possibly make ~$99 more than me by choosing to outbid me. But the point is to force the aforementioned backward induction into the open, and hope my partner follows the same path to the "oh, this jerkass was hoping to rip us off" result instead of competing with me. If Partner chooses to bid $2, then I will stop and lose my $1 and say "I am not outbidding you on purpose" and hope they place some value in cooperation. After all, it barely affects me to lose $1 and doesn't affect me at all if Game Player has that ~$100 versus Partner getting it. I am betting on their charity (and a bit of "revenge" versus the game-player) eliciting quick cooperation and the possibility of gratuity, whether it amounts to "even split" or not.

@snbeast9545 5 лет назад

You assume he'd think that far. You assume you'd think that far. But I do get your points, and don't wish to debate them.

@cthellis 5 лет назад

Obviously my ability to call out the backward induction component can only happen if I realize it. 😛 But the situation is one of those "too good to be true so there has got to be a catch" situations like "doubling grains of rice on a chessboard" and cause a resonable amount of "let's think this through" from both parties before it got too far. A more interesting variant might be a one-round, blind bid. No communication, and an almost certain "over $100" win for Game Player because the parties are just trying to think of "juuuuust the right bid" against their opponent once, and now have a potentially-snowballing situation.

@ShadoFXPerino 5 лет назад

What about the 200 other people at the party?

@SkielCast 5 лет назад

This game is also displayed in an anime, it was really interesting seeing how it ended. Kakegurui XX Final Episode Game: Hundred Votes Auction

@monirhasan3248 4 года назад

Finally a person who knows kakegurui

@Zakaria-bz7vd 3 года назад

@@monirhasan3248 XD it's a pretty good anime

@z01nk3r5 3 года назад

kakegurui. the anime i never want to see/hear about again

@davisharper6704 4 года назад

You: *bids over $100* Billy: *bids over $100* Host: "Well, thanks for playing! Gotta run!" *takes off with his winnings* You and Billy: "Wait a minute-!"

@MatthewPlaysOfficial 3 года назад

The host wouldn't leave, he would wait for you and Billy to keep bidding (possibly up to 1,000$).

@kohaku1821 5 лет назад

Just don't bid. Or both parties can agree to flip a coin, the winner bids one dollar.

@GDNachoo 5 лет назад

To flip a coin for 100 dollars it's a lot

@kohaku1821 5 лет назад

@Zyri Blackwood you are right, I corrected it

@ChibiRuah 5 лет назад

Even if you refuse to bid your opponent will then be willing to bid a dollar, and win 99$. They feel no need to cooperate with you at a 50% chance for 50$ You can rationalize at this point that gaining nothing is the best you can do but you can never force cooperation.

@MinTubeDk 5 лет назад

why would anyone agree to "a game" where they would have to pay their bid regardless if they win or lose

@TheTechDweller 5 лет назад

Right? just makes no sense

@biohazard724 5 лет назад

Thought experiment

@thememer8435 5 лет назад

You

@morezco 5 лет назад

like the lottery?

@hellbornKrieg 5 лет назад

MinTubeDk it’s called gambling.

@dinonugget2238 3 года назад

1:36 bold of you to assume I have friends

@Ashborn077 5 лет назад

This reminds me of the last episode of the second season of the anime Kakegurui

@SkielCast 5 лет назад

I thought the same before the 4th minute XD

@Hg80202 3 года назад

I knew the scenario immediately from Kekegurui. I figured that there had to be someone else who made the connection!

@BLACKBOY014 5 лет назад

ME: hey friend I only have 5 dollars FRIEND: I only have 6 dollars ME: ill bid 5 you bid 6 and split the 100 easy win win for both

@EhrarH_ 5 лет назад

I was thinking the same

@Kev46 5 лет назад

Stolen comment

@bakublader1999 5 лет назад

''friend''

@BlackDevilsCat 5 лет назад

Billy isn't that smart or cooperative.

@LekuriJokeri 5 лет назад

up you stay

@Unyt 5 лет назад

What if you both stop at 5 dollars and just spilt profit

@zhangwei4622 5 лет назад

Team up with billy and you both win.

@jorgem.4382 5 лет назад

Zhang Wei but who tf would team with billy hes a weirdo

@lutherschultz4725 5 лет назад

If you offered me that I would not accept, I would bid 10$ to win 90$, because you are too afraid to keep going after 5$.

@christiaramos141 5 лет назад

Cooperate.

@almaji666 5 лет назад

luther schultz your refusal might trigger his ego and make him keep going until you both lose.

@lossarquo7815 4 года назад

Isn’t this just one huge subtle flex?

@Yupppi 2 года назад

The trick is that when the person who is first offered this has bid, the other person suggests they split the $100 and he won't bid against the first person. Both win greatly.

@I_AM_3.6.9. 5 лет назад

It's funny that you think someone is gonna play it in the first place.

@tomfarley226 5 лет назад

Rules up front or not. This scenario would never happen.

@user-ll7pi5uo3v 5 лет назад

@@tomfarley226 actually assuming they dont know the game and still know the rules 100 dollars seems a little too good to be true but kinda worth trying because before they even start playing their first thought is "what do i got to lose"

@stervenmealey1097 5 лет назад

yeah and also having people pay up their losing bid, just won't happen

@atomic_guy3528 4 года назад

Brother?

@Alex-hj2jd 4 года назад

@@atomic_guy3528 IBF closen down. Pu nepo IBF. Open FBI up.

@h-0058 4 года назад

You and Billy talk before the game starts: *psst*! I'll pay 1$ for that bill and then we split it 1/2 each, k? Sure!

@thunderflashentertainments9603 4 года назад

One way to win Make a deal with opponent in the beginning

@FatDaddyRatchetGaming 5 лет назад

Me and Billy would have made a deal and split it... we win

@scrywarden1721 5 лет назад

Tyler Long thats what I was thinking lol

@matthewgarcia5567 5 лет назад

Same

@andif.izdiharuddien9372 5 лет назад

I was just made a comment about this haha

@AsadKhan-vv5dr 5 лет назад

Same

@onetreeinaforest2028 5 лет назад

The problem with this is that you are assuming that Billy is trustworthy. One of you is going to have to outbid the other to get the 100, so either you or billy will outbid the other. Billy isn't going to trust you by letting you outbid him and hoping you split the profit, so he is going to insist that he will be the one to outbid you. Then, if billy isn't trustworthy he is going to take his profit without sharing with you. You run into multiple problems in this scenario based on if one person trusts the other person or not. You would also have to agree on how to split it based on how much the bidding is.

@jlober7896 5 лет назад

A game you can never win *LIFE*

@nigwardtheholyspirit5155 5 лет назад

Wubba dubba Dub dub You cant win , but you can master it.

@MainerdLoyd 5 лет назад

I can win it you just can't survive it.

@aceallity3107 5 лет назад

Not unless your bill gates he sold his mansion to pay the bills

@hanaananwar8853 5 лет назад

More like monopoly

@kairi3043 5 лет назад

The only way to win, is to quit.

@Mushabeans 4 года назад

"Buying $100 with $99" Me as an adult : *Stonks*

@huyhoangan962 4 года назад

Me: watching this My brain : *💤 *

@francky8 5 лет назад

"Hey Billy, i'll let you win it with your 10$ bid and we split the gain, deal?"

@JayTheYggdrasil 5 лет назад

Deal. Except I want 5 more dollars because I'm giving him 10 so it will be an even split then.

@NikoMewr 5 лет назад

Exactly.

@shrekt7969 5 лет назад

After that moment, Bill was never ever seen again.

@joeschmo507 5 лет назад

"No? Ok. Fine. I'll just eat the $5 loss to spite the dealer and disincentivise him from attempting scams like this in future. It's still better than the alternative."

@edwardrhoads7283 5 лет назад

That would actually be illegal as it is illegal to make deals with other bidders to lower prices for an auction.

@davo1440 5 лет назад

ill bid 1 buck and split it with my friend

@xcarzon 5 лет назад

out played the player

@ShakamuraGames 5 лет назад

Exactly

@dostarora97 5 лет назад

Have Player1 bid $1 & Player2 bid $2. They get in return $100. Give Player1 $49.5 & Player2 $50.5. In the end, each gets a profit of $48.5. And Bidder loses $97.

@eduard927 5 лет назад

That assumes your opponent cooperates. Sometimes winning is a pride thing, people are illogical.

@travispeayarlal1485 5 лет назад

that's what I was thinking throughout this entire video! he said the person is your friend, so why not make a deal with your friend where one person bids the $1 for the $100 and then split

@phantompig 4 года назад

“In game theory” MatPat: hold my beer

@TheKing-gp5pq 5 лет назад

The game can be won of course. You and your friend start it. Your friend gives $1 and you give $3 then you both stop bidding. When you win the $100 for only $3 give your friend $25 and keep $75 thats it.

@luxnova8211 5 лет назад

What a strange game, where the only winning move is not to play.

@Practicality01 5 лет назад

Finally. Had to scroll through 100 comments to find the right one. ;)

@blazebuscus9894 5 лет назад

You can win tho

@gelectrode89 5 лет назад

If there is no way to win, it was never a game, only a con

@spider853 5 лет назад

tipical Loto/gambling

@chromaticabberationsgiveme9811 5 лет назад

Sounds like dating haha

@darius2640 5 лет назад

unless me and billy make a cartel agreement to stop bidding after 10 bucks and split your 90

@my3dviews 5 лет назад

Or just let one guy bid a dollar and the second guy not bid at all, then split the $99.

@scriptrgaming4274 5 лет назад

@@my3dviews Your 100% right

@chriszablocki2460 5 лет назад

Yup.

@MinecraftDude1245peni 5 лет назад

My3dviews no, because then why would i share the 99$ with the bidder who bid nothing.

@manuelmartinez158 5 лет назад

NawtNCosmic just out of gratitude for not continuing the bid

@tutlegamesperiod.9794 4 года назад

Hey kevin vsauce here Hey vSauce kevin here Hey miachel vsauce here Hey vsauce miachel here

@houalef_akram 3 года назад

I bid 100$ as my first bid . Billy : *Visible Confusion* and *leaves the game*

@davidnorman8213 5 лет назад

"A strange game... The only winning move is not to play"

@cheekibreeki904 3 года назад

I sense a man of culture.

@sdfjkl99959 Год назад

"You've been trolled, you've been trolled, have a nice day!"

@nick78wx Год назад

WarGames

@billneigh3781 5 лет назад

Sounds like me and my friend have a gambling problem...

@molly.dog8brooke792 5 лет назад

Jim Cooper Lol 😂

@glowish-gaming4701 5 лет назад

My friend and i*

@mrturtle3862 5 лет назад

Do you have a science show “Bill Neigh”

@krisdoesart9643 4 года назад

Ok but why does Kevin have like $400 in cash on him

@mysarla 5 лет назад

Just be first and bid $100 and tell the other guy to thank you later.

@theemeraldaxe1414 4 года назад

Bid 99.99 free penny

@superhybridd9 5 лет назад

a no-win situation sounds like the scientific term for my life

@deadpirateroberts9937 5 лет назад

Orily Lelouch?

@wheeman999 5 лет назад

Impossible to win except the auctioneer? Hold on, What if I made an arrangement with my mate that one of us stops at a low amount and he gives me say 30% of the profit?

@UnQualsiasiUtente 5 лет назад

it was a study on "non-cohoperative behavior" so you have to assume you will never team up with your opponent

@mattia_carciola 5 лет назад

What if the auctioneer arranges before with one of the bidder? No, ok, that's just fraud...

@Sirenhound 5 лет назад

@@UnQualsiasiUtente But he explicitly said 'Billy' was my friend. I'm not paying a red cent to someone that moves the goalposts.

@ciarfah 5 лет назад

I'd lose on purpose to spite the auctioneer

@TribuneAquila 5 лет назад

I think the only way to “win” without collusion is to bid $99.99 for the very first bid, you gain $.01 and your competition loses nothing.

@noorasrte6068 4 года назад

"In chess, we call it zugzwang, when the only viable move is not to move." -Nemo (Mr. Nobody)

@wientz Год назад

Is this the reason that I put new brakes and rotors on my old van just before the transmission blew?

@CactusTeam 5 лет назад

spoiler: the game is club penguin island

@JaydenLawson 5 лет назад

CactusTeam Club Penisland for short 🍆

@UltraLegoEnthusiast 5 лет назад

more like club pissing island

@LostMitten 5 лет назад

That's why I play club penguin rewritten

@SpaceWoods 5 лет назад

DUDE i had a club penguin video after this video wtf

@trumpetperson11 5 лет назад

He lets me buy it for $1 and we split 99. Maybe that's cheating a bit.

@BingusFodder 5 лет назад

cheating a cheater

@MusicalInquisit 5 лет назад

That is why the paper said this applies to non-cooperative behaviors.

@ChibiRuah 5 лет назад

He smile and say let me pay the dollar. You are flattered as it saves you a dollar. He wins the bid and keeps the 100$ and you learn a life lesson of no cooperation. With that in mind why would they trust you if you are a totally rational being? What could you say that make them believe you would give up 50$ when nothing is forcing you to in the game.

@johnnytopside9215 5 лет назад

who gonna get the last dollar

@CrossVarietieZ 3 года назад

The tense music makes me feel like I can start a pyramid scheme using this

@taragnor 2 года назад

The real paradox here is that if you're playing with a bunch of game theory experts, then you can win $100 for $1, because nobody will get in the bidding war with you.

@sakshamchauhan6101 5 лет назад

I'll just take all the money and..... Run

@arthurharris1235 5 лет назад

I'm faster then you☻

@02clone30 5 лет назад

True

@RichardCide5090 5 лет назад

@@arthurharris1235 Thats what his friend said to his girlfriend

@connorcclarke 5 лет назад

*drops the bass*

@NK47k 5 лет назад

@@connorcclarke taa ta tatataatatatatata taaa ttaa😁😁

@coldwind52 5 лет назад

You can't win because the game was rigged from the start.

@johnellis501 5 лет назад

Ikr

@vizion9072 5 лет назад

fr the losing bid has to pay too like wtf

@Ogden1234 5 лет назад

I hope this is a New Vegas reference.

@lukerubleUP 5 лет назад

🤯

@2xhansgames781 5 лет назад

The House always wins

@EDaBeast 3 года назад

“I swear its always Billy’s fault”

@Matthew_Klepadlo 4 года назад

5:21 Unless you’re playing Final Fantasy X and you’re fighting nemesis.

@shinymathew599 5 лет назад

There's also a game where you try and convince a Flat Earther that no, the government is not paying people to lie of the Earth's true form and that the Earth has actually been scientifically proven to be spherical. You can't win this game either.

@a.asolus7564 5 лет назад

Shiny Mathew if ur rich then take them to space and let them see the earth fully

@leonathor4005 5 лет назад

@@a.asolus7564 the windows are actually screens that make it look like the earth is round

@a.asolus7564 5 лет назад

Leonathor then tell them to replace the screens with the real windows that u buy from china

@metaltom2003 5 лет назад

@@leonathor4005 That's when you eject them from the spacecraft and let them see for themselves.

@ShadowGamingXD 5 лет назад

Kaneki Ken it would be just an illusion. #flatearth #flatearth2020

@coffeeabernethy2823 5 лет назад

Caveat: iff Billy and I cooperate, we could both turn a tidy profit.

@IgniteSlickGamer 5 лет назад

My thoughts also haha, was hoping the moral of the story was teamwork lol

@Xellos357 5 лет назад

Yeah, I found it strange how vsauce dude completely disregarded that option, that was literally the first thing I thought of!

@qepdqepd5612 5 лет назад

Xellos357 its a good moral, teamwork is the only way to win... i think the study itself at least implied that, but Vsauce not mentiining it is silly

@andrewcheng1948 4 года назад

This video:a game you can never win Next video:a game you can always win

@itsuki_jeff 4 года назад

If I were you, I would ask my friend that we each pay ¢50 and share the 100

@bruschetta6302 5 лет назад

Really nice to see you back! You're genuinely one of my favourite educational creators and in my opinion one of the most underrated.

@simonebrunello9317 5 лет назад

Ai raggione anke se io nn capischo qll ke dice

@szhzs6121 5 лет назад

he's got 3.9 million subscribers and this video has been watched 49,707 times in 3 hours, how the hell is he underrated?

@sazandude9022 5 лет назад

dummdumm muddmudd He is not too underrated but a bit underrated..

@doobimasada2487 5 лет назад

Since when does a losing bidder ever have to pay the auctioneer if they do not actually buy the auctioned item

@mango251 5 лет назад

Poker

@GRABA85 5 лет назад

Poker is not an auction.

@blakeliu8200 5 лет назад

Buying stocks in a race to own a company

@choonteo8069 5 лет назад

you still own your share's worth of that company even if you don't get controlling share

@andrwei 5 лет назад

exactly

@IgoAWall 4 года назад

That's why Billy and I teamed up, agreed he would win the bid at 2c, and we each came out with $49.99

@ipsnip5828 4 года назад

this is like when grian sold his mansion on hermitcraft for -1 dollars but made 100

@phasmas1803 4 года назад

Ip Snip damnit, we had the same idea

@ipsnip5828 4 года назад

How many people do you think got the reference

@insertusername5176 5 лет назад

"That's the easiest 80 bucks Billy has ever made... Hopefully" ......

@AMan-xz7tx 5 лет назад

What does it mean? ...MURDER!!!

@insertusername5176 5 лет назад

LeBro or prostitution

@AMan-xz7tx 5 лет назад

Justin Y. He said “easiest 80 bucks billy has ever made, hopefully”, which means that he hopes billy hasn’t acquired this 80 in an easier way... ...LIKE MUUURRRDER!!!

@ry-an2 5 лет назад

LeBro Murder is not easy

@insertusername5176 5 лет назад

LeBro What Ryan said

@whodamanme_ 5 лет назад

"As long as everyone playing makes a rational decision". That's ironic, the people who were irrational in beginning the game all of a sudden have to start acting rationally due to how irrational they were at the start.

@wojtekpolska1013 4 года назад

i've heard about that in tv and they made this experiment somewhere, and if ended with one person paying like 40$ for 20$

@sammyjacobs8554 4 года назад

7:15 literally the plot of WarGames

@OidhcheMhath 5 лет назад

Who in their right mind would agree to bid in an auction where you still have to pay even if you lose?

@edwardrhoads7283 5 лет назад

Anyone who bids those penny bids like quibids where you have to pay for your bids.

@destroythehuman3380 5 лет назад

EBay’s missed a trick here 😂

@meesalikeu 5 лет назад

you cant win at powerball or the track either so why not

@neverstop6088 5 лет назад

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-pA-SNscNADk.html

@Buglin_Burger7878 5 лет назад

*The second highest bidder not everyone This works at parties or with groups of 3 people, as one person will never have to pay, they can "drop out" and stop bidding while the other two are stuck now.

@PalanticHD 5 лет назад

What if i buy it for 1$ and split it with billy.

@visser420 5 лет назад

PalanticHD then you are a communist

@maxpower1337 5 лет назад

That's insider trading no deal.

@arcticafrostbite617 5 лет назад

@Don Kapsalon the escallations i'd use would be 1.00, then after 5.00 i'd go 5.01 and thus the battle of cents begins

@alexpolusyan3704 5 лет назад

PalanticHD Billy has no gurantees, he would want to buy it and split it with you, but now you don’t have any guarnatees

@chrisclark9208 5 лет назад

This is a variation of a "game" used on many management team building exercises to show the benefits of communication and cooperation.

@domthedominator2602 4 года назад

The first 0:45 seconds is just Kevin flexing how much money he has

@stonedude1234 5 лет назад

I just found my new job, thanks!

@onlisexyt 5 лет назад

*BICH WTF*

@scriptrgaming4274 5 лет назад

People are not that dumb to do that, it's really rare, also if someone bets 10$ and no one else bets then you loose 90$, anyways no one will even find your selling because your probably not that famous on eBay or any selling app.

@CybranM 5 лет назад

Id just bet one dollar and then let the other guy take it, just to screw with the auctioneer. Pay a dollar to force someone else to give away 99 :D

@ComixConsumed 5 лет назад

CybranM give away $97 you mean he still gets your dollar and billy's two dollars

@Abayake 5 лет назад

if he's my friend I'd just say "stop betting and we split the 100$".

@cleric1125 5 лет назад

If we are going to be sticklers he did say "you and your friend" not "you and a stranger" its fair to assume that you and a good friend would rather work together than compete.

@345wer 5 лет назад

Asayake Exactly what I came to comment!

@CraftyF0X 5 лет назад

If you listen the explanation and the study closely it was stated - with good reason - that it works only in a "non cooperative" enviroment. Ofc you guys can cooperate and share the gain in a real situation, but the whole premise of the hypothetical expreiment was that you are not cooperating and so you both go for the win without negotiation. And don't think this would be an unrealistic setup in a competitive enviroment where the numbers are a bit more obfuscated and the competition is fierce enough. (sometimes gaining an advantage against a competitior is just literally losing less than them)