7 May
2014
7 May
'14
12:20 p.m.
On Wed, May 7, 2014 at 1:01 PM, Richard <legalize at xmission.com> wrote:
In article <CAFrGgTQpZazX9dqA6vrDg4nfeZRaQMA1=
HF8j5-Nx0KXHzA1SQ at mail.gmail.com>,
Eric Smith <spacewar at gmail.com> writes:
Sure, and thanks for being obtuse and ignoring that I am saying something
DIFFERENT than you are, which is that sniping in an eBay auction makes it
DIFFERENT than a "normal auction", because that bidding information is then
NOT AVAILABLE TO OTHER BIDDERS IN A TIMELY ENOUGH MANNER TO CHANGE THEIR
BIDDING BEHAVIOR.
So please stop trying to represent that I'm reinforcing your point, because
I'm not.
Eric
In other words, early bidding reveals more
information to other bidders,
which can change the outcome.
Thanks for repeating what I already said.