Subject:
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Re: Does auction length matter?
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Newsgroups:
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lugnet.market.theory
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Date:
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Wed, 5 May 1999 18:30:32 GMT
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Viewed:
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693 times
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In lugnet.market.theory, Todd Lehman writes:
> In lugnet.market.theory, fozboot@best.com (Chris Ernest Hall) writes:
> > [...]
> > It seems to me that auction length (beyond making them absurdly short)
> > doesn't matter that much; that there is an innate level of activity that
> > is required to arrive at the efficient price, and if you make the auction
> > shorter you just compress that activity into a shorter amount of time.
> >
> > Anyone else have an opinion on this?
>
> Not really an opinion, but some data:
>
> In my experience, Mondays and Tuesdays are always the biggest days for jumps
> in activity -- and actually, with Tuesday being a little bigger than Monday
> -- always -- every week -- no exceptions. It's *really* freaky. Every
> single week in every single auction I've held in the past 2 years looks
> exactly the same after curve normalization. There's a trough on Friday
> through Sunday and a peak on Monday through Wednesday.
That's very interesting. On what day of the week do you usually begin Auczilla?
Have you tried different days? Do you think it matters? Based on what you have
said above, do you think it makes more sense to begin your auction on Friday so
interest seems to build as you go through the week, or would you rather begin
in Monday when it seems people are the most likely to pay attention?
- chris
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Message has 1 Reply:
 | | Re: Does auction length matter?
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| (...) Different every time, unless same by chance. (...) No -- the auctions run for several weeks. (...) If I were running really short auctions, I'd probably want to launch them at 5 a.m. on Monday morning and hope for them to close by Thursday (...) (25 years ago, 5-May-99, to lugnet.market.theory)
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Message is in Reply To:
| | Re: Does auction length matter?
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| (...) Not really an opinion, but some data: In my experience, Mondays and Tuesdays are always the biggest days for jumps in activity -- and actually, with Tuesday being a little bigger than Monday -- always -- every week -- no exceptions. It's (...) (25 years ago, 5-May-99, to lugnet.market.theory)
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