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In the ReadMe's payouts matrix, the Cancel column can be stated more simply as:
Cases
Success
Cancel
Owner
P
0
Bidder
0
P
CFO
T - P
T - P
Sum
T
T
rather than
Cases
Sucess
Cancel
Owner
P
0
Bidder
0
T - S * P
CFO
T - P
S * P
Sum
T
T
since these are mathematically equivalent if P = T / (1 + S), and the ReadMe states that P always equals T / (1 + S).
This serves the further purpose of emphasizing the similarity between the fee structure of the Success case and the Cancel case. Currently, a first glance makes it seem like the Success case and the Cancel case do not have corresponding fee structures, it took a little math to realize that.
The text was updated successfully, but these errors were encountered:
ghost
changed the title
Payouts for cancelOffer do not match ReadMe's payout table
Payouts for Cancel in ReadMe's payout table include more variables than are necessary
Nov 16, 2018
ghost
changed the title
Payouts for Cancel in ReadMe's payout table include more variables than are necessary
.
Nov 16, 2018
In the ReadMe's payouts matrix, the Cancel column can be stated more simply as:
rather than
since these are mathematically equivalent if P = T / (1 + S), and the ReadMe states that P always equals T / (1 + S).
This serves the further purpose of emphasizing the similarity between the fee structure of the Success case and the Cancel case. Currently, a first glance makes it seem like the Success case and the Cancel case do not have corresponding fee structures, it took a little math to realize that.
The text was updated successfully, but these errors were encountered: