 | | Re: Proxy ratcheting: How do auction systems work?
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(...) In the AucZILLA system, the lot is awarded to A (not B) for 13, because A's bid of 13 came in first. (...) Yes. (...) AucZILLA gives priority to the earlier of two equal bids, regardless of automatic increments. It would go to A for 13, not to (...) (25 years ago, 19-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Good. (note that this is clearer than your first statement "AucZILLA works the 'correct'<emphasis mine> way" :-) ) I was getting myself into a panic for nothing, I must have been misreading the results I was examining. What about Derick's (...) (25 years ago, 19-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) No, that was my second statement -- <grin> -- it was posted two minutes after the first one, quoted above. (...) It's especially tricky sometimes to read what's going on when there are multiple identical copies of lots. (...) A keeps it under (...) (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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| | 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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(...) Yes, of course. (...) That's broken. --Todd (25 years ago, 20-Apr-99, to lugnet.market.auction)
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