Auction Instructions

Here are the rules of the auction:

• You will place a bid on the item, corresponding to how much you would be willing to pay for this item.
• The computer will randomly draw a price for the item.
• Once you have determined the number of 1s in the matrix, enter that number into the text box below the matrix.
• If your bid is higher than the computer's randomly chosen price, you will pay the computer's chosen price and receive the item. If your bid is lower than the price that the computer randomly selects, you do not pay the price and receive nothing.