someone make me feel like an idiot, please. What will take me an hour to figure out, you guys will figure out in 3 minutes or less after setting up that OOO so beautiful equation.
I am deciding whether to auction my points for higher value or straight up buy a gift card. Now, if I am reading this stuff correctly the details are as follows: I can buy a $10 gift card for 1,000 points. I also have the chance to enter an auction for the same $10 gc. I can buy 15 entries for 125 points. It scales as follows: 10 tickets for 85, 5 for 45, 3 for 28, and 1 for 10. I am only concerned with the 15 ticket purchase for simplicity and because it is maximizing EV. The auction is capped at 135 participants(not sure if I am capped at 15 entries(will worry about this later
)). Is my EV higher in the auction or getting immediate $10 for 1k points?
Last edited by p2 dog, p2; 10-16-2018 at 10:22 AM.