This image has been circulating around the economics blog-o-sphere.
One look at it, and you know that it is an image an economist would love [for evidence, there are posts about this image here, and here, and here, and it was supposed to be here, but that's where I lose the e-trail]. One of my friends messaged me with a link to this picture about a week ago, and ever since then, I have seen the picture crop up on blog after blog.
From what I can tell, most people have assumed that the $51 bid will win this auction, but I'm not so sure. It's pretty clear that the $50 bid is the actual owner. With that knowledge, how many people would call the higher bidder? I don't know the answer, so that makes it a good poll question for this week.
Which bidder would you call if you found the iPod Touch?
(a) The original owner ($50)
(b) The overbidder ($51)
(c) Neither. I've been looking for an iPod Touch!
As always, the poll is open for a week. Please vote early and often, and on the sidebar. Tell your friends and economist buddies to vote. I look forward to seeing what you have to say.