› added 4 years ago

54

TIL about Vickrey auction, a type of sealed-bid auction. Bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins, but the price paid is the second-highest bid. This was first described academically by Nobel winner William Vickrey in 1961.

Read more wikipedia.org

via reddit.com

5r7Q TIL that approximately 1/3 of people have jaws that pop or click when they are opened all the way.
v1wgR TIL Theres a Loyal Order of Moose that both Roosevelts and Truman were part of, which has a city for children in need, and a daily ritual that is "relatively short" at 45 minutes. And beer.
VoAD TIL There are more black men in prison today in the US than there were enslaved in 1850.
DG5g TIL as young actors Leonardo DiCaprio and Tobey Maguire blocked the release of a film they starred in as it debased their clean images. After settling a lawsuit filed against them by the film’s producer it remains unreleased in the US.
VykD TIL In the high desert of northwestern Nevada lies the McFurthest spot of the continental United States. The spot furthest away from any McDonalds restaurant, 115 miles as the crow flies.