Sooo, if I was to put in 5$ + 17.25$ => 22.25$ I would get envelope + (22.25 - 5)/( (10 - 5) + ( 17.25 - 5) + (22.25 - 5 )) => 17.25/ ( 5 +
12.25 + 17.25) => 17.25/(2 x17.25) or 50% of the powder should no one else bid... 50% of ~15g would be 7.5g straight metal powder.
So then if some one else kicks in the same as I... All get less and pay same. To ensure you get say 7.5g you have to be the one with 50% of the pot.
E.C would get lions share of ~ 71% for his 12.25 in pool if only he and Amos bid. But for my 17.25$ would only get me 50%. And someone else's 34.25$
would get them 50%, then making my contribution of 17.25$ go to 25% and E.C and Amos splitting the remaining 25%. Or 7.5g /34$, + 3.75g /17.25$, 2.6g
/12.25$, 1.1g / 5$.
Hence I'll pass, give some others a crack at it at a better price. Fractions aren't' my friend here, it would be rude to make then withdraw a
contribution simply because more people kicked in and it watered down my value below say some acceptable cost/benefit level. But hey, indium is
always fun. |