Quote:
Originally Posted by Dottore
I hear you on this.
Suppose though, that you and two other bidders really wanted an item. Let's suppose you want it really badly, but the other two also want it—but perhaps not quite as badly as you.
Wouldn't it be better to "probe" how high these two are prepared to bid earlier in the auction, rather than wait for the frantic last few minutes?
I mean, aren't there situations where its better to smoke out the competition earlier on—rather than risk losing an item in the last few moments?
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The way you avoid that is to bid the absolute highest you are willing to pay. It is then impossible for you to "lose out" on the item. The only way you will not get it is if it sells for a price higher than you are willing to pay.
What someone else is willing to pay should have no effect on what YOU are willing to pay.