A Miracle!

[Colin Allen]

1. People often bid to a level that they feel comfortable with rather than what they are willing to pay.
   
  2. Technical failures, overload and slow connections lead to people not being able to bid, especially towards the end of on-line auctions.
   
  Both of those leave the door open for touts.
   
  

M Holmes <fofp at HOLYROOD.ED.AC.UK> wrote:
  Colin Allen writes:

> That would work unless the touts outbid the fans in the auction and
> then put the tickets up for sale at even more inflated prices. To
> argue that a losing bidder has lost because the auction passed their
> spending limit is not always true, as extensive res> earch into E-Bay
> has shown. Your proposal would not remove the touts. 

It's a fairly stupid person who doesn't bid what an item is worth to
them. What's the evidence that people get their bids too low?

FoFP