Posted by MarkB_MI on March 23, 2009 at 18:45:26 from (216.234.98.209):
In Reply to: O/T Ebay posted by John B. on March 23, 2009 at 12:36:43:
Someone did a study a while back and concluded that sniping does work. It's probably a psychological thing: folks are less inclined to make the highest bid they're willing to pay if they think it's not necessary. Also, an early bidding frenzy tends to draw the attention of buyers who may not know what something is really worth, but figure if everyone else is bidding it must be a good deal.
That said, if your goal is to get what you're bidding on, go ahead and bid your max long before the bid ends. Most snipers are bargain hunters who are trying to get something cheap by not showing their hand. Snipers will almost always get knocked out by a reasonably high bid.
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Today's Featured Article - The Niagra View Mobile - Powered by a 1959 Ford Tractor - by Mark Massey. In 1959 the Niagara Frontier Transit Inc. of Buffalo, New York designed and built six Viewmobiles for the Niagara Frontier Sightseeing Inc. for use as a sightseeing ride at the Niagara Falls State Park, Niagara Falls, New York, powered by a 1959 Ford 611 Tractor.
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