17 Oct
1999
17 Oct
'99
3:54 p.m.
On Sun, 17 Oct 1999, John Lawson wrote:
My main concern with the eBay auction algorithm is that it is
time-limited, rather than bid-limited.... the aution closes after a
fixed span **no matter what the bidding activity is**.
'Normal' auctions close when **no further bids are recieved** in an
agreed-upon span.
That is certainly true, but it is also true that all of the bidders are
present during all of the bidding process and it is easy for the
auctioneer to determine when bidding ceases. Neither of these things is
true on e-Bay as there are certainly 'late arrivals' who were not aware
of the availability of the item until they logged on and bid, and there
is certainly no auctioneer to bring down the gavel.
________O/_______
O\
I wonder how much tweaking would be involved on the
part of eBay's
logicians to convert it over to the more familiar "going, going,
gone!" type of format.
Plenty!
What do You All think??
Now you know :)
- don
Cheers
John