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(...) can't (...) new (...) address) (...) I would contest that a more reasonable way to get out of the bid is to let the seller know well before the auction ends that the bidder is unable to pay for what he has bid. Then that bid can be canceled. (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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In lugnet.market.auction, Todd Lehman writes: [snip] (...) From the number of the responses to this and a few other Auction technology threads, maybe we need lugnet.maket.technology group? (25 years ago, 22-Apr-99, to lugnet.market.auction)
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(...) Sure, of course it's more honest if the bidder bows out honorable way. But not everyone is going to do that. If you allow people to renege on their high bid without any penalty or record-blackening, the result over time is many frustrated (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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Todd Lehman wrote in message ... (...) unable (...) as (...) to (...) I don't know if eBay spends ANY time policing their system. I am sure they do, but its not evident. The feedback thing seems to be the main thing thats used. And if you fail to (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) [snip] (...) Market theory could include algorithms, etc. but my initial reaction is - What makes an auction good, just, fair, well run - it turns into an ethical discussion for me - although that might not be a bad topic for here either. (25 years ago, 22-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) [snip] (...) Market theory could include algorithms, etc. but my initial reaction is - What makes an auction good, just, fair, well run - it turns into an ethical discussion for me - although that might not be a bad topic for here either. (25 years ago, 22-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Hey, that's a cool name that might work. Are these analysis/theory threads becoming too much to follow in a primiarly-non-discussion group? Are these discussions noise here? If so, then yes, there should be a separate group for this sort of (...) (25 years ago, 22-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) OOPS - I jsut did a "McDonald" - just kidding TOM (25 years ago, 22-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) You can't eliminate Firm Bids, PERIOD. If I wanted a firm bid of X in an auction that didn't allow them, I'd bid a Proxy of X-minincr and X. That's a waste of bidder's time, is it not? I personally use Ebay (and of course at least half of the (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | ng for auction technologies/theory?
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(...) Is that a case in favor of .market.theory or in favor of .market.tech? In my mind, ethical issues fit much more closely with what .market.theory means but not so much with what .market.tech* means, so ethics would be a case in favor (...) (25 years ago, 23-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: ng for auction technologies/theory?
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(...) I agree that .theory is too narrow. What about market.techniques? To me that would seem to encompass the theory aspect to a certain extent as well as the use of technology. Anyone can discuss tips on what/where/how/when to buy/sell. I had (...) (25 years ago, 23-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) If you dislike the feature that much, then you shouldn't support the feature. But it is a very good feature nonetheless, because it helps your bidders accomplish what they want to accomplish. (...) You won't make anything less harmful for (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Why not lugnet.market.discuss? (or STB lugnet.market.disc? Use appropriate abbreviation here) The topic du jour may be auction philosophies and the best rules to build an auction around, but there are other discussion-type topics which could (...) (25 years ago, 23-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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(...) I like market.theory better than technology for two reasons 1) as Todd said, cut back on people thinking they can buy CD players there... 2) Theory encompasses technology. 3) the Usenet precendent. OK, 3 reasons. That said, I don't think (...) (25 years ago, 23-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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(...) Yes. Should you be bidding in auctions if you haven't organized your life sufficiently to have bought insurance? No, you shouldn't. If you do anyway, and have to welsh because you didn't think things through, you deserve a black mark. Else (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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I like the idea of lugnet.market.auction.d (discussion) since most of the people must be looking for auctions in this particular group. Todd Lehman wrote in message ... (...) People like options. Right. But people, myself included, can hear of some (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Yes, but a large measure of the pleasure is a negative pleasure, that of intentionally hurting other people. I'm pretty sure most people who snipe don't think much about it, they're just playing the game by the rules, but there are also plenty (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) I was just going to say that. I think that a lugnet.market.discussion or similar would encompass all the issues that have been presented without misleading in any way. It's not as specific as .theory or .technology which I consider a plus, but (...) (25 years ago, 23-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) I like it: lugnet.market.discuss! (25 years ago, 23-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Because shipping and shopping are marketplace discussions but not theory or technologies/techniques. A broad name like .market.discuss invites people to talk about everyday things like FOTW's and UPS vs. USPS, both of which have their own (...) (25 years ago, 23-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Large jumps delight me. I've had lots that were bickering in the $1 range suddenly be upped by bidder # 1 to $3. Then, after being raised to $3.10 by #2, the #1 it again to $7. I'm delighted because I wouldn't expect it to make it that far on (...) (25 years ago, 29-Apr-99, to lugnet.market.auction)
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