![[In this auction we may expect the article to be sold to] "the most eager buyer at a price which is just about the highest he is willing to pay, for in this case the most eager buyer does not know what prices the other buyers are willing to give [and] ... each buyer fear that someone may slip in ahead of him. (Kenneth Boulding)](https://cdn.quotesdtb.com/img/quotes_images_webp/07/kenneth-boulding-article-auction-391707.webp)
[In this auction we may expect the article to be sold to] "the most eager buyer at a price which is just about the highest he is willing to pay, for in this case the most eager buyer does not know what prices the other buyers are willing to give [and] ... each buyer fear that someone may slip in ahead of him.
Kenneth BouldingRelated topics
article auction buyer case eager expect fear pay price sold slip willing someoneRelated quotes
Because most people are not sufficiently employed in themselves, they run about loose, hungering for employment, and satisfy themselves in various supererogatory occupations. The easiest of these occupations, which have all to do with making things already made, is the making of people: it is called the art of friendship.
Laura Riding
Throughout the day, try to remember God more often. If you feel bad, turn to Him: "Lord, I feel bad, help me." If you feel good: "Lord, glory to You, thank You for this joy." If you are worried about someone: "Lord, I am worried about him, help him." Whatever happens, turn it into prayer.
Ambrose of Optina
We're more familiar with what economists call an English auction - prices start low and rise as people bid. However, there is also the Dutch auction, where prices start high and go lower until somebody bites. Movies are sold to the audience via a very slow Dutch auction, where each phase between price drops can last weeks or months.
Nathan Myhrvold
