[ebay] Mathematicians snipe to win on eBay — the New Scientist on the best strategy to win auctions on eBay … ‘[Mathematicians] saw a mathematical pattern in the bidding behaviour of bidders and derived a simple power-law equation to describe this. This power law reflects the fact that bids become more frequent as the end of an auction approaches. The researchers used this equation to determine the best time to make a winning bid. They conclude that sniping is the best approach.’ [via Kottke]
This entry was posted on Saturday, June 24th, 2006 at 11:10 am and is filed under eBay.