How to Win on Ebay: Snipe

Posted by ryuzaki0 on Monday June 26, 2006 @06:40AM from the use-your-snipe-hunting-rifle dept.

grammar fascist writes "A study by South Korean physicists confirms what some of us have taken for granted for a long time: a single bid at end of auction nets the most wins. From the article: 'Plugging all those data into the model and testing the outcome in terms of how the auctions turned out, the team found that the probability of submitting a winning bid on an item indeed drops with each bid. "Our analysis explicitly shows that the winning strategy is to bid at the last moment as the first attempt rather than incremental bidding from the start." The study appears in the current Physical Review E journal.'"

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Re:And this is indeed a serious problem with EBay. by bcattwoo · 2006-06-26 07:22 · Score: 1, Offtopic

The prices for some things on eBay really are amazing. It makes you wonder if some of the people on there aren't aware that there are others places to shop online.
Re:Say WHAT? by NobodyExpects · 2006-06-26 08:27 · Score: 0, Offtopic

Is this really the most valuable work a TEAM of physicists can be doing? What about global warming

Global warming doesn't exist. George Bush tells us so...
Re:Another strategy to add to this by roystgnr · 2006-06-26 09:32 · Score: 0, Offtopic

And I, $20.26!

Why do I have the sudden urge to spay or neuter my pets?