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• Re: the logic of not snipping in ebay... - Matts 12:44:57 10/08/04 (0)
  In Reply to: the logic of not snipping in ebay... posted by 6SJ7 on October 07, 2004 at 18:56:26:

  not sure I understand your point. If you're just willing to pay more than anyone else, it doesn't matter what your strategy is. Sniping only avoids giving others who would bid higher, motivated by your bid, to do so by lack of time. So, it avoids getting into a bidding war and letting the price creep up with the competition. If an earlier bidder put in a high bid, they'll get it unless the sniper has put in a higher bid at the last minute, because the sniper doesn't have time to rebid.
  
  

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• please read this instaed, too much typo - 6SJ7 18:58:42 10/07/04 (1)
  In Reply to: the logic of not snipping in ebay... posted by 6SJ7 on October 07, 2004 at 18:56:26:

  there were previous discussions on this topic
  and I tend to snipe

  but 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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  • I see your thoughts... - Sector-7G 19:46:38 10/07/04 (0)
    In Reply to: please read this instaed, too much typo posted by 6SJ7 on October 07, 2004 at 18:58:42:

    and the idea that an auction is 'rational' is laughable. Depends on the buyer's sanity and the hype of the ad.

    That's why it sometimes goes to the seller, and sometimes to the buyer.People are not rational. Individuals are, but people a a whole are not anything like sane, rational, smart, observant or good. Individuals are ov course...
    regards,
    Douglas
    !
    Beware the man who behaves deceitfully towards others, for there is nothing else to save you from his deceiving you
    
    

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• should be: say the fair value of an item is "$100" - 6SJ7 18:57:29 10/07/04 (0)
  In Reply to: the logic of not snipping in ebay... posted by 6SJ7 on October 07, 2004 at 18:56:26:

  should be: say the fair value of an item is "$100"
  
  

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