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 00:25:21 GMT
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Viewed:
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703 times
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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.
--Todd
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Message has 3 Replies:
 | | Re: Does auction length matter?
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| (...) 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 (...) (26 years ago, 5-May-99, to lugnet.market.theory)
| | | Re: Does auction length matter?
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| (...) Empirical, anecdotal explanation, but one that makes a lot of sense to me, anyway: People don't do email on weekends! Hence the F-Sun lull. Further, on Monday, they're catching up from the weekend at work so don't do as much hobby email. (...) (26 years ago, 5-May-99, to lugnet.market.theory)
| | | Re: Does auction length matter?
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| (...) Here's some more data. The stuff above was from analyzing monetary jumps rather than activity jumps per se. That is, the data being looked at for the above statement was the curve representing the total dollar amount tied up in the auction. (...) (26 years ago, 6-May-99, to lugnet.market.theory)
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Message is in Reply To:
| | Does auction length matter?
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| A question I have been pondering for the last week is whether it really matters how long an auction lasts. I did some interesting research on eBay over the weekend. I collected the results of 77 auctions for the same item, set 7140 (the Star Wars (...) (26 years ago, 4-May-99, to lugnet.market.theory)
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