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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Sat, 16 Oct 1999 13:26:20 GMT
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Reply-To:
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lpieniazek@novera.SPAMCAKEcom
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Viewed:
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476 times
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Steve Demlow wrote:
> > 3. Can a bidder raise his/her proxy bid -without- rebidding on the lot?
>
> I'd lean toward yes on this as a desirable feature, although with multiple
> instances of the same lot you then run into the problem of differentiating
> between a bid on a (potentially) additional instance vs. just raising the
> proxy bid of a instance (and which instance?) you already have the high bid
> on. This is a step away from the idea that you are bidding on n out of m
> lots without differentiating among those lots.
I tend to say no. Part of a proxy is the notion of what TIME it was
given. If I am at 30, have a proxy for 50 which I then raise to 70, it
seems to me that the 50-70 part should not be stamped as having the same
TIME as the earlier 30-50 part.
If the SW can keep track of time by bid segment sure, but the simpler
approach is to just disallow it.
--
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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| (...) Yes. I haven't seen any disagreement on this one, except from e-bay. :/ (...) No. Philosophically, AFAIC, a bid is a bid - proxy or not - and shouldn't be retractable. There is also at least one practical problem with proxy retraction: timing. (...) (25 years ago, 16-Oct-99, to lugnet.market.theory)
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