Assuming a constant cost per bid, given that every time you put in a bid you lose money, and the site owner can always get a guaranteed win, you need to minimize the number of bids you make: Optimal number of bids is 0.…
Assuming a constant cost per bid, given that every time you put in a bid you lose money, and the site owner can always get a guaranteed win, you need to minimize the number of bids you make: Optimal number of bids is 0.…