Re: Hey!! Wait minute!!

From: Marty Galyean (mgalyean@acm.org)
Date: Sat Sep 30 2000 - 10:19:43 EDT


Everyone in a proxy bid auction is using proxy bidding. Way more than two
usually.
Don't think it so complicated. This ain't nuclear science. Imagine this
scenario. You are at an auction with a friend and have to take a leak. You
want the current item and think its worth $20 to you so you tell your friend,
"hey bid for me, but don't go over $20". You come back later, feeling
better, and find out whether you got it or not. Your friend was your proxy.

Are you asking what happens if two people specify the same limit, in this
case $20, and the bidding ends up exactly at $20? First come, first serve.
Whoever set their bid limit at $20 sooner gets the wonderful item that
everyone is dying to get.

"W. Jack Hilton III" wrote:

> >
> >and guess what happens when two people use proxy bidding at the same time
>
> Cold Fusion ?
>
> @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
>
> W. Jack Hilton III
>
> Newnan , GA
>
> HEMI@charter.net
>
> http://webpages.charter.net/hemi/jbd1.html
>
> ICQ#: 32611901
>
> AOL Instant Messenger: "DwnSth69"
>
> @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@



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