i don't know what is an RL auction. there are many types of auctions. this eBay system is one of the common ones.
each auction i have ever been to has had a set of rules, but there does not seem to be a standard set of rules. At 11:48 PM 8/24/2008, you wrote: >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. > > >************************************************************************* >** List info, subscription management, list rules, archives, privacy ** >** policy, calmness, a member map, and more at http://www.cguys.org/ ** >************************************************************************* ************************************************************************* ** List info, subscription management, list rules, archives, privacy ** ** policy, calmness, a member map, and more at http://www.cguys.org/ ** *************************************************************************
