Problem #145: Auction
You and I spot a $20 bill on the street. To divide it, we agree to an auction: Each of us will write down a bid, and the high bidder will keep the $20 but pay the amount of his own bid to the other player. If we submit the same bid then we’ll split the $20. What should you bid?
Stolen outright from, again, Futility Closet.
