Quote:
Originally Posted by BearMountainBooks
Reserve prices just mean people end up having to guess and I don't have time for games when I'm shopping for something.
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But there's no guesswork involved. What the seller wants or thinks his item is worth is irrelevant. All you have to do is decide how much the item is worth
to you. Bid that amount; if it beats the reserve, fine, and if it doesn't, that's fine, too, as you wouldn't have paid more.
What makes ebay difficult are irrational bidders who think of ebay as a traditional auction. It isn't. If everyone bid once and bid his maximum, it would be very efficient. But it's more the bidders who are influenced by other bidders to overvalue an item and not the sellers who try to profit thereby who turn it into a game.