A demonstration of using the visual blind bidding tool developed by iCanSystems Inc for their Smartsettle system fo Online Dispute Resolution. Displayed by Graham Ross at a conference in Kiev, Ukraine for USAID 's New Justice Porgramme
Negotiable Instruments Act 1881.UNDERSTAND THE LAW OF 1881
Blind bidding slider screens from kiev sept 2017
1. Screenshots of a live simulation of blind bidding
presented by Graham Ross with participation by the audience
playing the parties through two screens
USAID New Justice Conference
Kiev 19-20th September 2017
2. www.ODRtraining.com
training in ODR since 2007
DC Cakes Inc
and
The Kiev Confectionery Company
Dmytro Nikolaeva owns The Kiev Confectionery Company which specialises in Gingerbread Men and
other novelty cakes and biscuits.
Donald McRonald owns DC Cakes Inc of Washington, DC, USA who have been buying products from
TKCC for 5 years with no problems arising.
TKCC invited DCC to buy a new range of Christmas gingerbread men. DCC ordered, paid for and took
delivery of 100,000 items at a total price of $30,000 to distribute to its retail network.
Due to shipping issues and through no fault of TKCC, the gingerbread men arrived too late for
Ronald to distribute in time for Christmas.
3. As seen by Donald. He opens with a visible bid of $25,000. He can see Dmytro’s
visible bid of $5,000.
As seen by Dmytro.
4. Donald makes a secret bid of $20,000 by moving the yellow slider
Dmytro still only sees Donald’s visible bid of $25,000.Dmytro
makes a secret bid of $10,000.
5. Having been told by the system there is no settlement, Donald makes a further
secret bid down to $12,000
Dmytro makes a further secret bid up to $18,000. Note this
is more than Donald was prepared to accept in his last
secret bid. So………..
6. Agreement within overlap implements Reward for Fair Generosity Algorithm declaring to both parties a settlement at
$16,000 i.e. more than the $12,000 Donald was prepared to accept yet less than the $18,000 Dmytro was prepared to
go up to. A midpoint would have been $15,00 but the algorithm rewards Donald. Win-Win!
Editor's Notes
Good morning…I met Shawn at Innovate Abbotsford, and he invited me to come here and share our product with you. We have a unique and challenging product, and I’m certain we can get you excited about it today.