After a little reflection, the best strategy becomes clear: bid aggressively up to a maximum cutoff value and then quit.
In desperation I asked Fermi whether he was not impressed by the agreement between our calculated numbers and his measured numbers. He replied, "How many arbitrary parameters did you use for your calculations?" I thought for a moment about our cut-off procedures and said, "Four." He said, "I remember my friend Johnny von Neumann used to say, with four parameters I can fit an elephant, and with five I can make him wiggle his trunk." With that, the conversation was over.freeman dyson
Yes; bless the man who first invented sleep (I really can't avoid the iteration): But blast the man with curses loud and deep, Whate'er the rascal's name or age or station, Who first invented, and went round advertising, That artificial cut-off Early Rising.john godfrey saxe