3 ms·
Ebay bidding theory is a convoluted mess once you start considering multiple concurrent auctions for similar items that may or may not be perfect substitutes fo
by usrusr 10y ago
Ebay bidding theory is a convoluted mess once you start considering multiple concurrent auctions for similar items that may or may not be perfect substitutes for different bidders.
- ikeboy 10y agoEven with only two bidders and only one item, the scenario I described can take place, showing that assuming other bidders are rational and well informed about sniping tools is required for the theorem to obtain.