Subject:
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Re: why eBay proxy bidding is broken
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Newsgroups:
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lugnet.market.theory
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Date:
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Sun, 10 Oct 1999 00:49:36 GMT
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Reply-To:
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lpieniazek@novera.(stopspammers)com
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Viewed:
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633 times
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Mike Poindexter wrote:
> Auczilla isn't perfect at negotiating bids either. Let's say you have a max
> bid of $10 for fifteen identical lots with the current bid at $3. I come
> along and say, "Wow, look at those!" and bid $12 on one lot, Auczilla will
> proxy every single lot you have up to $10. That will basically cause some
> dissatisfaction. Granted, this scenerio is extreme, but it is based on a
> known flaw.
I don't beleive it's a flaw or known bug, per se. It is in fact
intentional behaviour. See:
http://www.auczilla.com/lego/x/7.html
(note to readers in the distant future, that URL may not work. At the
time of writing, X was the current auction... if it doesn't try whatever
the letter ID of the most current auction is in place of the x... for
instance say AucZILLA 17 ended last month, so try xvii between lego and
7)
Now, you may not agree with the behaviour, but I'd argue that it is the
fairest, and further, that Todd had to put a bit of effort into his
bidding algs to make sure it did behave that way.
It only applies to multiple identical lots.
--
Larry Pieniazek larryp@novera.com http://my.voyager.net/lar
- - - Web Application Integration! http://www.novera.com
fund Lugnet(tm): http://www.ebates.com/ ref: lar, 1/2 $$ to lugnet.
NOTE: Soon to be lpieniazek@tsisoft.com :-)
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Message has 1 Reply:
Message is in Reply To:
 | | Re: why eBay proxy bidding is broken
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| (...) bid of $10 for fifteen identical lots with the current bid at $3. I come along and say, "Wow, look at those!" and bid $12 on one lot, Auczilla will proxy every single lot you have up to $10. That will basically cause some dissatisfaction. (...) (25 years ago, 10-Oct-99, to lugnet.market.theory)
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