Pdp8 on ebay

In article <CAFrGgTSXs7LE1gM_D_dNJ-NUYDFyXMTwiqr94q38_TaWRrxZDA at mail.gmail.com>, Eric Smith <spacewar at gmail.com> writes: Either way, they will drive the price up to at least their maximum bid if they don't win. JUST LIKE A REAL AUCTION. If they bid early, other people may drive the price up higher, but it will still be driven up to their early maximum bid if they don't win the auction. AGAIN, THIS IS JUST LIKE A REAL AUCTION. When people attend a physical auction with an auctioneer, they may bid multiple times and they may bid early and in the end the outcome is always the same: highest bidder wins. The main difference between an ebay auction and real auctions is that an auctioneer's job is to get the most amount of money for an item. Therefore, they won't close the auction when bids come in at the last minute. GSA auctions work like this. The close time of the auction is extended every time someone comes in at the last minute and bids. Therefore sniping is pointless in these auctions. I don't hear everyone bitching and moaning about GSA running their auctions this way, but there is incessant bitching and moaning about ordinary bidding behavior "ruining" it for people who are sniping. You should be thankful that sniping gives you any advantage at all due to the fact that ebay auction closing times are fixed. This is an advantage that almost no other "open auction" would ever give you. (It's a different matter when the auction is by silent bidding and you have no idea what the other bids are.) -- "The Direct3D Graphics Pipeline" free book <http://tinyurl.com/d3d-pipeline> The Computer Graphics Museum <http://ComputerGraphicsMuseum.org> The Terminals Wiki <http://terminals.classiccmp.org> Legalize Adulthood! (my blog) <http://LegalizeAdulthood.wordpress.com>