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Typically consumers have anything from a few hours to a few days to grab the deal and if the tipping point isn't met, the offer is withdrawn and there is no financial obligation to go through with the purchase.
If not enough people sign up to that particular deal, the offer is withdrawn and no money passes hands.
If not enough people sign-up within the allotted time period then the offer is withdrawn and no money changes hands.
This equation implies that precision falls when the initial offer is withdrawn, because the confidence in receiving the high offer is minimal, and increases when the high offer is accepted because the confidence in reaching the goal (of ending with the highest offer) becomes maximal.
Precision is then updated at each trial according to the current state, with a sharp increase after a high offer and a decrease when an offer is withdrawn (because the confidence in reaching the desired goal is maximal and minimal, respectively).
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Last month, his job offer was withdrawn.
The job offer was withdrawn when that investigation became public.
Later, he received an official letter saying his job offer was withdrawn.
The TNK-BP offer was withdrawn after the Gazpromneft deals were announced.
Although that offer was withdrawn, it showed that Norwegian Cruise was able to play politics at the highest level.
Res-Care said the offer was withdrawn when the lead fund backed out because of financing concerns.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com