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Game Day 1: Auction Day

October 17 2002

Addendums

1. Every group must win at least one item. If your group does not win at least one item, there will be 15% deduction of your Auction Day’s scores.

2. Fort the Dutch (descending) protocol, before the bidding starts, each group will be asked to declare whether you want to participate. If you say yes, a fee will be collected from you. If you say no, then you cannot participate.

3. For the English 2 (open exit) protocol, after each new cry, you will be asked to declare an exit. If you do not declare, and you end up not submitting a bid before the bidding is over, then you will be penalized for violating the protocol.

4. If the best offer the auctioneer receives from the bidders is below the market price of the item being auctioned, the item will be kept by the auctioneer.

5. In the two “sealed bids” protocols, if multiple groups have the same winning bid, then there will be another round of bidding between those groups only, using the same protocol.