Quote:
Originally Posted by Peter_Spaeth
How hard is it to figure out? One simple calculation. Geez. And when one has bid in countless auctions how can one not have the BP and extras in mind? It's not like any auction doesn't charge a BP. I dunno Steve, shaking my head at this one.
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Sigh. Who said it was hard. It's not hard. All I said was there have been times where I've been caught up in the emotion of an auction and bid more that I probably should have in light of the 30% markup that is tacked on.
Some of you guys shouldn't be wasting time on the board but should be re-writing most of the major texts on economics. The economics classes I took all talked about how people make imperfect decisions in the marketplace based not only on information but based on emotion and a plethora of other non-quantitative factors.