Subject:
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Re: Proxy ratcheting: How do auction systems work?
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Newsgroups:
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lugnet.market.auction
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Date:
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Tue, 20 Apr 1999 17:59:23 GMT
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Viewed:
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851 times
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In lugnet.market.auction, simon.robinson@sdxplc.com (Simon Robinson) writes:
> Apart from a few replies that have indicated AUCZilla and possibly
> others don't work, [...]
Any indications that AucZILLA doesn't work correctly have been incorrect.
> 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 inefficient way of doing it.
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? :)
--Todd
> A quick search
> through the current bids to see who has the highest maximum - and if
> there's a tie, which one bid first, would be much quicker.
> (Although I guess that wouldn't work if you actually
> to display all the intermediate steps to the bidders - I don't use
> the main bidding systems enough to know if that's the case for them)
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Message has 2 Replies:
 | | Re: Proxy ratcheting: How do auction systems work?
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| (...) Sorry - I actually meant to say that some replies had indicated that AucZILLA doesn't work _in the way Larry had described_, not that it doesn't work (full stop). Reading through my last posting, there was a comma after 'work' which shouldn't (...) (26 years ago, 21-Apr-99, to lugnet.market.auction)
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