sortie

I've been on ebay and like everybody else I want to bid as low as possible
but win the auction. So I usually try to wait to the end of the auction
and battle it out. This doesn't always work if I'm worried about saving
money. So now I just figure the max I will pay and put that in near
the end of the auction and I win that way.

Of course putting in my max near the end is based on the thought that
other bidders will just run up the price if I put in my max early.

But it this flawed?

I'm starting to think that maybe if I make a higher bid early then people
will say no thanks, too high, and they will not compete and run up my bid
which could mean I get the item for less than if I battle it out at the end
when people start bidding for pride.
People hate to lose so they might pay say $200 at the end just to be the
winner but if they saw the bidding at $125 early they would pass on it.

I haven't tried that, but what you think?

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