Of course, this is an absurd way to run an auction. No RL auction
would ever take that $51 bid without asking for more. Seems like there
should be a simple way to solve the problem via software, such as
extending an auction if a bid is received within the last x seconds.


On Sun, Aug 24, 2008 at 11:35 PM, Chris Dunford <[EMAIL PROTECTED]> wrote:
> The sniper way: I don't put in my maximum bid. Instead, I tell my sniper
> that I'm willing to pay up to $100.  For now, the clock just ticks. Nothing
> happens.  Harvey is fat & happy because he thinks he's getting his heirloom
> for fifty bucks.  But 10 seconds before the close, my sniper jumps in and
> bids $51.  I still win, but I saved $40 because Harvey didn't have time to
> outbid me.


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