Have you ever heard of the dollar auction? It's where I auction off a $20 bill, but the second place bidder also needs to pay their bid, though they get nothing. Apparently, it can result in a bidding war easily reaching hundreds of dollars, as the top two are no longer bidding to gain money, but are locked in and merely trying to lose the least money. It's a fascinating example of the irrational escalation of commitment. Humans, huh?
Anyways, I was at New York Comiccon all day.
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