Subject:
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Re: When should an auction end...
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Newsgroups:
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lugnet.market.theory
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Date:
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Tue, 24 Aug 1999 14:38:33 GMT
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Viewed:
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432 times
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On Tue, 24 Aug 1999 10:01:05 GMT, "Scott-A" <s.arthur@hw.ac.uk> wrote:
> Is there any theory on when an auction should end. In terms of hour of day
> and/or day of week?
>
> I've placed counters on some of my ebay pages to monitor the hit rate
> distribution. Based on this, right now, I tend to avoid weekends and try to
> have it end sometime during the US working day. But I realise that this is
> based "hit rate distribution" and not "bid rate distribution" which may not
> be the same thing (?).
>
> Does anyone else have a different philosophy?
(Taking the bait) My philosophy is that auctions shouldn't have an end.
They should close when people stop bidding. Any other approach frustrates
both seller and bidders.
Steve
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Message has 1 Reply:
 | | Re: When should an auction end...
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| (...) As a seller, I'm prefer to know when an auction will end. As a buyer, I bid only what I can afford or what the item is worth to me. If I get beat I can not complain, but I do occasionally laugh. Scott A (25 years ago, 24-Aug-99, to lugnet.market.theory)
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Message is in Reply To:
| | When should an auction end...
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| Is there any theory on when an auction should end. In terms of hour of day and/or day of week? I've placed counters on some of my ebay pages to monitor the hit rate distribution. Based on this, right now, I tend to avoid weekends and try to have it (...) (25 years ago, 24-Aug-99, to lugnet.market.theory)
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