How to Win on Ebay: Snipe 676
grammar fascist writes "A study by South Korean physicists confirms what some of us have taken for granted for a long time: a single bid at end of auction nets the most wins. From the article: 'Plugging all those data into the model and testing the outcome in terms of how the auctions turned out, the team found that the probability of submitting a winning bid on an item indeed drops with each bid. "Our analysis explicitly shows that the winning strategy is to bid at the last moment as the first attempt rather than incremental bidding from the start." The study appears in the current Physical Review E journal.'"
So... (Score:5, Funny)
In other news . . . (Score:5, Funny)
. . . East Ukrainian dentists declare in their recent study that "Manned spaceflight is more difficult than they thought."
(Seriously . . . shouldn't physists be studying . . . I dunno . . . physics?)
One Step Back... (Score:5, Funny)
What's the probability of overpriced shipping?
Steps to profit (Score:5, Funny)
1 Snipe eBay auctions
2 ?????
3 Profit!
Actually, I have a forumla that gives the best chance of winning an auction: bid 10x what the item is worth. Can I have some money to study the obvious^H^H^H^H^H^H^H^H research the tricky questions of our age now please?
The fact that this was tagged as duh before it had any comments is very telling.
Re:And this is indeed a serious problem with EBay. (Score:5, Funny)
eBay: (Score:3, Funny)
Re:Old news (Score:3, Funny)
I LOVE Korea (Score:5, Funny)
First they had a veterinarian who [wikipedia.org] claimed to clone the first human!
Now they have a PHYSICIST who claims to be an expert on EBAY AUCTIONS!
Next up: a lawyer who can communicate with dolphins!
Yay Korea! Insane on both halves of the peninsla!
Re:Say WHAT? (Score:4, Funny)
Wow, I actually do feel a little better. Maybe there's something to that after all.
"A study by South Korean physicists confirms...." (Score:2, Funny)
Re:Another strategy to add to this (Score:5, Funny)
Re:And this is indeed a serious problem with EBay. (Score:5, Funny)
You either won the auction at the moment you placed your bid, or you lost. Until you view the auction results, both are true.
Oh yeah, also, you were bidding on a cat that was possibly gassed to death.
Fermi's Bid:
As long as your result is within an order of magnitude of the highest bid, you win.
Article SHOULD read (Score:5, Funny)
AAAAAAA++++++++++ (Score:5, Funny)
Re:Physicists? (Score:2, Funny)
You know that and I know that, but try telling that to someone in HR.
Re:Another strategy to add to this (Score:2, Funny)
Last Post! (Score:5, Funny)
LAST POST!!!
What do you mean, someone posted after me?
Damn.
Re:So... (Score:2, Funny)
Re:From the seller's perspective: 1 cent auctions? (Score:3, Funny)
And this is how I ended up with a box of never-used OKI cell phones (11 of them, I believe) with batteries and chargers, for a penny. Good times.