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In Reply to: the logic of not snipping in ebay... posted by 6SJ7 on October 7, 2004 at 18:56:26:
there were previous discussions on this topic
and I tend to snipebut sometimes I thought about the logic of non-sniping:
say the fair value of an item is "$100"
and most people will not pay more than $140 for such item
so if I place a bid of $141, it's likely that "NO" "rational" bidder would outbid me...
and for an irrational sniper he would pay the price he would most likely feel a bit over-paid...
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Follow Ups
- please read this instaed, too much typo - 6SJ7 18:58:42 10/07/04 (1)
- I see your thoughts... - Sector-7G 19:46:38 10/07/04 (0)