Re:Johann Wolfgang von Goethe, Amateur Auction Theorist
by usrusr on Friday June 03, 2016 @12:19PM
(#11831220)
Ebay bidding theory is a convoluted mess once you start considering multiple concurrent auctions for similar items that may or may not be perfect substitutes for different bidders.
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Re:Johann Wolfgang von Goethe, Amateur Auction Theorist
by ikeboy on Friday June 03, 2016 @12:43PM
(#11831407)
Even with only two bidders and only one item, the scenario I described can take place, showing that assuming other bidders are rational and well informed about sniping tools is required for the theorem to obtain.