Vax 4000/90

[Vintage Computer Festival]

On Sun, 15 May 2005, Bob Lafleur wrote:

> > I don't mind being out bid.  I mind not being able to big again.
>
> In "theory", you're supposed to put in your absolute maximum the first time.
> So why would you WANT to bid again if you've already put in your highest
> bid?
>
> Unfortunately, Ebay's "theory" goes against human nature. What you think is
> your maximum bid, when someone else outbids that your brain says "well, if I
> could get it for just a little more, I guess I'd be willing to pay that".

Right.  This is exactly what I used to say ad nauseum.  It is the very
reason sniping is still around.  It helps eBay in that it uses human
psychology in their favor (oh, and by the way, the side effect is that it
results in INFLATED PRICES).

(I don't want any arguments.  It's a fact.  Go do something useful instead
of replying to this message ;)

-- 

Sellam Ismail                                        Vintage Computer Festival
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International Man of Intrigue and Danger                http://www.vintage.org

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