How not to love ebay?
I never thought I was much material for second-hand things, but new unused things...I've been an expert all my life.
My mum (dear her) is a bit of a compulsive shopper and there has been many a time one she buys something only to never again use it.
From clothes to weird and extremely specific items of kitchenware (how to forget the pastry cutter, which folded, so you could make Argentine style pasties!) lots of things have been kept and then forgotten, and then thrown away.
That's the one good thing about my Mum's compulsive habits. She's not a hoarder, quite the contrary, she's a heartless de-clutter!
What a shame that there was no ebay before...and that in Mexico the system has never really took off. It is the lack of trust.
We are afraid that they might never send you your products, once you have paid for them.
We are afraid things might get "lost" in the post...
In any case, since living in the UK I have fallen victim of ebay (mind you, quite a moderate one, I have only bought 29 things in my 3 years as an ebayer).
I have sold only two!
This is quite remarkable. I am not a hoarder, not.
But I cannot however imagine that my old shoes and clothes could be of any value to anyone.
I have sold a CD_ROM drive and a book.
What is the best strategy for an auction?
It is for sure not the ebay system. How it infuriates me when after days of tracking carefully the progress of the auction in question, and having made my bid, having make sure I am there to the last second being still the highest bidder, until virtually seconds before the end, a new player arrives and swipes the item, by bidding a few pence above your offer!
I even thought of installing a swiper software on my PC, but I am not a cheater.
In any case, lately I have started to be interested in Game theory.
It seems to be the theory of all human interactions...it promises to help me in poker and in love (not that I need any help).
So here I leave you dear readers a little auction theory conundrum:
Suppose I confiscate your wallet and that of another reader of this blog.
I count the money on each and offer the added amount to that one amongst you two who bids the highest prices for it.
Clear? You two are entering an auction, playing against each other, to obtain the combined amount of money from your wallets.
You don't know how much money there was in the other guy's wallet, only how much there was in yours.
How high would you be willing to bid to try to ensure you win?
Remember you are not only bidding to get your money back, but to actually gain some extra money.