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#11
06-13-2007, 02:43 PM
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You Don't Want to Believe It But It Is a Zero Sum Game
Posted By: peter chao
I would elaborate on what Barry is saying. Let me put it this way, if the value of the item you were bidding on depreciated from the moment you bought it, would you continue to raise your bid at auction. If you were rational, the answer would be "no." 
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