Quote:
Originally Posted by Peter_Spaeth
Perhaps I am misunderstanding the point but I don't follow. If but for shill bids I would have won a card for (say) 1000, but because of a shill bid at 1100 I was pushed to 1200, how is that not artificially inflated?
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yes. value is subjective, markets are objective. individuals pull from market data to correlate perceived subjective value with mass objective value and attempt to deduce best paths forward (ie 'does how i value this card correlate with how others value this card? + if so/not, how do i proceed accordingly?). if the market perception of a card value is inflated by bid pumping and does not accurately reflect 'real data' (ie
real buyers) -- that is artificial inflation of market value; skews market data for a buyer's interfacing w/ subjective valuation vs market.