Reply to "Why not just use proxy bid on eBay? NEWBIE QUESTION"

autophileMember

There's a nice paper in the American Economic Review at

http://www.economics.harvard.edu/~aroth/papers/eBay.veryshortaer.pdf

Despite the paper's title, which, by scientific law, must be long and dry, the paper does go into the reasons that people snipe, based on surveys.

Some interesting factoids:

10% of snipers felt that they would be giving away valuable information about the value of an item by bidding early.

Under 10% of snipers apparently sniped because they didn't understand how the proxy system worked. These were mainly eBayers who had never bid before.

9/23/0311:44 AM

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