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<p>[QUOTE=&quot;philologus_1, post: 7598185, member: 92212&quot;]Caution: Beware of the logical fallacy of &quot;lost-by-just-one-bid-increment&quot;. You never know what the max bid was of the winner. Even if the underbidder (who finished 2nd) would have bid multiple increments higher, the highbidder (who won the coin) still would have won if their bid was higher.</p><p><br /></p><p>This came to my attention years ago when I bid $300 for a coin on eBay that was worth every penny of that. I won for just a little over $100. I was thrilled! Shortly later I got an email from a friend who, unbeknownst to me, also wanted that coin and had himself set a snipe on it for $100.&nbsp; He was bemoaning the fact that he had lost &quot;by just one bid&quot;, and that &quot;if only&quot; he had bid just a little higher he WOULD have won it. Uhhh... no... he would not have.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Postlude: Because eBay quasi-disguises the winner&#039;s eBay handle, and because I didn&#039;t have the heart to tell him it was I who won the coin, to this day he doesn&#039;t know.&nbsp; :-o[/QUOTE]</p><p><br /></p>

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