Quote:
Originally Posted by raulus
You mean aside from the fact that the bidder gets to pay it, why should they care?
But I think we can safely set that aside, since I suspect that your point is that if you're the bidder, the precise breakout between bid and premium is irrelevant.
Naturally, the presumption is that all bidders:
1) Know about the size of the premium
2) Are sufficiently mathematically sophisticated to factor it into their price, and
3) Act rationally when bidding on items, and therefore don't allow things like extra charges to cloud their vision and approach to bidding.
I'm not sold that these points are always true 100% of the time. #3 is particularly suspect in my view. But we've argued this for long enough in the past to know that we are unlikely to completely agree on these points.
So, yeah.
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Mathematically sophisticated? Yeah multiplying a number by 1.2 takes a lot of sophistication. Come on.