 | | Re: Proxy ratcheting: How do auction systems work?
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(...) Not to split hairs, here, because now that I'm reassured that AucZILLA works the way it does, I like the way it works... but isn't "correct" a bit of a stretch? I'd say an auction system is working "correctly" if the rules it claims to (...) (25 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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(...) Any indications that AucZILLA doesn't work correctly have been incorrect. (...) What do you mean by "this way" and by "that sort of algorithm"? By "computationally inefficient" do you mean 1/1000 second versus 1/10000 second to process a bid? (...) (25 years ago, 20-Apr-99, to lugnet.market.auction)
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| | Update 4/19/99 pm: Pirate Auction - correction
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Hello all, Well, I goofed. Osvaldo's bid on 725 is actually $35. I'm sorry if this confused anyone. Current bids: 725 Osvaldo Fernandez $35 Going once 6289 Alex Eulen $100 Sold 6289 Otis Anderson $100 Sold 6289 Frank Filz $110 Sold 6263 Frank Filz (...) (25 years ago, 20-Apr-99, to lugnet.market.auction)
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| | Auction: Model Team/Technics/Town
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I've decided to take the plunge - unbelievably though it may sound, I actually appear to have more Lego than I want at the moment - so it's time to auction some off. I'm offering the following 5591 MODEL TEAM Mach II Red Bird Rig bids opening at $50 (...) (25 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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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 (...) (25 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 (25 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 (...) (25 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 (...) (25 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 (...) (25 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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(...) What is the outcome of each of these scenarios?... SCENARIO 4A Time Time Page Loaded Bid Posted Bidder Bid Proxy Max ===...=== ===...=== ====== ======= ===...=== 12:14:33 12:15:07 A $100.00 $150.00 12:23:11 12:23:19 B $150.00 n/a 12:23:14 (...) (25 years ago, 20-Apr-99, to lugnet.market.auction)
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