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i would argue that ebay's system does NOT force you to pay attention until the last minute. if you want an item, enter in the maximum amount you're willing to
by noodle 18y ago
i would argue that ebay's system does NOT force you to pay attention until the last minute.
if you want an item, enter in the maximum amount you're willing to pay. it'll re-bid by proxy until you win the item or someone is willing to pay more than you. if you were willing to pay even more beyond what you entered, you should've put in a higher proxy bid.
- Tichy 18y agoIn theory, yes, however, the psychology of people makes it necessary to only place your bid within the last 10 seconds of the auction expiring. Otherwise the other bidders will get angry for being outbid and start bidding more than they originally wanted. That is probably also the reason that ebay forbids sniper software: without snipers, people will bid higher, which is good for ebay (revenue == percentage of final price).