Texas Proud
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 16, 2005
- Messages
- 17,316
In my experience the benefits are real.
I've played an on-line game for a few years with an auction functionality (fantasy football, buy & sell players for your team).
Due to the psychology it turns out (again, my experience) that the best prices are had when you bid in small, standard increments at the last minute within an auction.
In addition, don't bid up immediately after someone else has bid up (call it "reaction bidding"). If you display "slow and steady" behavior the most competitors seem to give up. I guess it destroys some of the random fun in the bidding process.
Worst bidding prices I've seen conversely were for items that get bid up in large steps early in the process.
This of course next to choosing the right time of day, availability of other similar items etc ..
A fantasy game has zero correlation with bidding on eBay...
First, there is a limited number of bidders
Second, everybody has to 'win' to get a full team...
and probably many other reasons I cannot think of right now...