Talk to me like I'm a 5 year old...
What is it about us humans that makes us do stupid, counter-intuitive things?
Case in point: an ebay auction for some amiga gear with a starting bid of $60.
The auction has 5 days to go but some dope puts in the first bid...
I think to myself: well, the bidder has put in a sufficiently high bid that makes him/her feel they will not be outbid.
2nd day of listing rolls around and the first bidder is outbid, to my bewilderment the new listing price is only $8 more..
This means the first bidder put in a ridiculous amount for his/her highest bid!
My question Dr. is: was the first bidder deluded as to the value of the item, or did the first bidder just put in a bid for giggles?
1.What is the purpose of putting in a bid which will clearly be beaten ?
2.Why put in a bid on the first day?
3.Am I just getting judgemental in my old age?
