>I think what you're missing is this: snipers would useless if everyone bid >their maximum, but a lot of people don't. They just enter a bid that's a >little higher than the current bid and come back later if they're outbid.
So sniping is a way to use inefficiencies in the auction process to sometimes win an auction that otherwise would have been lost. It works by denying others the time to think about raising their bid. Okay. Well explained. I accept that. Thanks. ************************************************************************* ** List info, subscription management, list rules, archives, privacy ** ** policy, calmness, a member map, and more at http://www.cguys.org/ ** *************************************************************************
