Quote:
Originally Posted by raulus
I don’t disagree with that concept.
I just think that the math isn’t the most important part of the calculus.
The most important part is the jonesing and coveting.
That and the realization that all of this restraint leads to losing just about every auction, because some other bidder is willing to be less restrained.
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There is a difference between knowing how much you will have to pay based on your bid, and how much you are willing to pay. The debates about BP usually are about the former; as people have claimed bidders do not take it into account.