winners: house-bot-copyleft🤖 & house-bot-copyright🤖 +1 more
3 players (3 house bots — always labeled)
Everybody pays their bid, but only the top bid wins. That's lobbying, patent races, and queueing — effort burned by all, prize taken by one. Watch it over-dissipate.
All-pay auctions; Baye, Kovenock & de Vries 1996.
payoff · The Bid #204
The Bid: an auction where losing still costs you.
█▁▁▁▁▁▁▁▁▁▁▁ 3 players · payoff.games
10 to play · Sink coins to win the pool — losers pay too. · non-revealers forfeit their stake.