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<p>[QUOTE=&quot;iPen, post: 2742188, member: 69760&quot;]The Nash Equilibrium bidding strategy for a Second Price auction is to bid your maximum price at the last few seconds. It also minimizes the overall costs (you can&#039;t control what other bidders will do, but your late bid entry avoids a bid war. I win the majority of all auctions this way and usually don&#039;t even pay the maximum bid - since it&#039;s a modified second price auction, it&#039;s between what the second highest bidder bid and your bid, inclusive.</p><p><br /></p><p>The deceptive part is that eBay explicitly states (below) that one should bid their maximum at the start! It will only promote shill bidding or bid wars as buyers try to play to uncover your maximum bid! This strategy and auction format is designed to maximize eBay&#039;s profits, which is expected of a for-profit behemoth organization.</p><p><br /></p><p>[ATTACH=full]626195[/ATTACH][/QUOTE]</p><p><br /></p>

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