 | | eBay oddity
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| I've been interested on an auction on ebay for multiple items, and am a bit puzzled by the way it works. I put in a bid for 4 items at (say) $50 each. $50 is a good price for the sets, and at $50 I'd be happy buying four of them. I watched the (...) (21 years ago, 3-Apr-03, to lugnet.market.theory)
| | | | | Re: eBay oddity
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| (...) It merely is. That's eBay: they can't figure out that on a dutch auction (which is what I presume this is) that if you get completely outbid on all items on a per unit bid, you may wish to up your bid but bid on fewer units. Is it advantageous (...) (21 years ago, 4-Apr-03, to lugnet.market.theory)
| | | | | Re: eBay oddity
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| (...) Or (and I've only just figured this out) I could put in a bid for four items knowing that it's impossible to win more than two (based on the existing higher bids). Of course, I could get stuck if the high bidders withdraw... But to maintain my (...) (21 years ago, 4-Apr-03, to lugnet.market.theory)
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