 | | Re: Proxy ratcheting: How do auction systems work?
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Apart from a few replies that have indicated AUCZilla and possibly others don't work, this way, I'd be surprised if any bidding software actually used that sort of algorithm to calculate the new bid, simply because it's such a computationally (...) (26 years ago, 20-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Yes, of course. (...) That's broken. --Todd (26 years ago, 20-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Here's a couple items from eBay's FAQ for bidders that should clear up how eBay proxy bidding works. The second one clears up scenario 3. Rob ----- Excerpted from: (URL) I bid against myself, and yet the bid increased. Why? A. Normally a (...) (26 years ago, 20-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) SCENARIO 3 Bidder A bids $100, with a proxy max of $150. Bidder B bids $150.01, bid type is irrelevant. Outcome: B is High bidder with $150.01, and increment is ignored. A has no first bid benefit - a trade-off for the benefit in scenarios 1 (...) (26 years ago, 20-Apr-99, to lugnet.market.auction)
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| | Update 4/19/99 pm: Pirate Auction - New Item added (Basic Building Set 725)
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Hello all, Well, this is the end for the most part, congratulations to those that won. I will be sending out individualized e-mails tomorrow to each person detailing what they won. Current bids: 725 Osvaldo Fernandez $30 Going once 6289 Alex Eulen (...) (26 years ago, 20-Apr-99, to lugnet.market.auction)
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