28 Apr
2003
28 Apr
'03
4:21 a.m.
On Mon, 28 Apr 2003, Jeffrey Sharp wrote:
The time period when most bids happen is irrelevant.
On an active eBay
auction, there is some non-zero duration in which you or some machine can
see the highest proxy bid and react. It doesn't matter how close to zero it
is, because any sufficiently fast machine could do it. Sealed bid auctions
do not have this duration. A person or machine would require time travel in
order to react to a bid. Not even an infinitely fast machine could do it.
Superman could win any sealed-bid auction he wanted to.
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