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Estimating Bidders' Valuation Distributions in Online Auctions (2005) [pdf]

• TrackerFF 2y ago
  I used EBay and similar auction sites for the past 20 years, and recently started using Japanese auction sites. The main difference is that the Japanese sites will extend auctions for 5 minutes, whereas EBay and such will have a finite ending time / no extensions. With the Japanese, it is really difficult to estimate prices - as I suspect more bidders fall for the sunk-cost fallacy. Auctions can extend for hours, as bidders throw in last minute bids. These are more “sniping-proof” With EBay the price tends to be closer to the expected price.
  • xtiansimon 2y ago
    Do you speak Japanese? A key for buying items from eBay (non-Amazon, non-Alibaba items) is to communicate with sellers. How do you do this if not in Japanese?
    • TrackerFF 2y ago
      Use proxy services like jauce.com