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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Wed, 21 Apr 1999 11:47:01 GMT
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Viewed:
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688 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.
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 have been there - which changed the whole meaning of the sentence.
Oooops!
> > 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"?
I mean, "in the way Larry had described, by actually
running through each bid increment - as opposed to simply looking
directly to see who currently had the biggest maximum bid."
> By "computationally inefficient" do you mean 1/1000 second versus 1/10000
> second to process a bid? :)
A fair point - the actual times probably don't matter too much given typical
computer CPU power - but then unnecessarily running through bid increments
instead of checking maximum bids directly would look to me like a more
complex algorithm, which would take a (small) amount of extra effort to
code up as well. And I don't know many developers who like to give themselves
unnecessary work :)
Simon
http://www.SimonRobinson.com
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Message is in Reply To:
 | | 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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