eBayers Confuse Me
I'm currently bidding for things on eBay (I bought a Jolly Roger :D). One of the items has hundreds of nearly identical auctions (well, 27 with no bids at last count...). Every time I put my penny down, someone outbids me a few hours later; the item eventually goes for about £10-15.
The thing that's confusing me is: every time I get out-bid, I go back on, run the search again, and put my penny on the next auction with no bids; so why aren't the people who are out-bidding me doing that first? Why are there auctions with several bids at £10-15 and still some auctions with no bids at 1p? How can people possibly think "5 bids? £15? I'm gonna get me some of that!" over "No bids? 1p? Bargain!"?
Are these other eBayers stupid? Is the seller breaking the rules and trying to push-up the price? Will our Hero be able to escape from the Villain's overly elaborate trap? Find out in the next thrilling installment of If Someone With A Good Suggestion Adds It As A Comment!