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Maybe the could say each time you ask a price, if it is not accepted, they raise the internal price by x% :You ask $10, they wanted $15. No Deal :You ask $12
by kleevr 18y ago
Maybe the could say each time you ask a price, if it is not accepted, they raise the internal price by x%
:You ask $10, they wanted $15. No Deal
:You ask $12, they now want $15+1.50 = $16.50. No Deal
:You ask $15, they now want $16.50+1.65= $18.15. No Deal
:You ask $20, they now want $18.15+1.82= $19.97. DEAL
- kleevr 18y agoNow make the target price, with perhaps a forced minimum, and dynamically define it as the average price paid. Now it's getting closer to a free market auction, and should be getting a little harder to game. Now functionalize the price increase along business defined price-increase-heuristic. Now if they game your system, you should just hire them to work for you.
- byrneseyeview 18y agoX should vary according to a random component plus something based on user behavior. Someone who spends lots of time on your site, clicks links obsessively, etc., might get a higher bump, because they appear to have worse impulse control.
- kleevr 18y agoTangent, but your comment reminds me of MIT's site morphing paper: http://web.mit.edu/hauser/www/Papers/Hauser_Urban_Liberali_Braun_Website_Morphing_May_2008.pdf http://web.mit.edu/hauser/www/Papers/Hauser_Urban_Liberali_B...