Snipers, Shills, and Sharks: eBay and Human Behavior
Every day on eBay, millions of people buy and sell a vast array of goods, from rare collectibles and antiques to used cars and celebrity memorabilia. The internet auction site is remarkably easy to use, which accounts in part for its huge popularity. But how does eBay really work, and how does it co...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Princeton, NJ
Princeton University Press
[2021]
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| Schlagworte: | |
| Online-Zugang: | FAW01 FCO01 FHA01 FKE01 FLA01 UPA01 UBG01 URL des Erstveröffentlichers |
| Zusammenfassung: | Every day on eBay, millions of people buy and sell a vast array of goods, from rare collectibles and antiques to used cars and celebrity memorabilia. The internet auction site is remarkably easy to use, which accounts in part for its huge popularity. But how does eBay really work, and how does it compare to other kinds of auctions? These are questions that led Ken Steiglitz--computer scientist, collector of ancient coins, and a regular eBay user--to examine the site through the revealing lens of auction theory. The result is this book, in which Steiglitz shows us how human behaviors in open markets like eBay can be substantially more complex than those predicted by standard economic theory. In these pages we meet the sniper who outbids you in an auction's closing seconds, the early bidder who treats eBay as if it were an old-fashioned outcry auction, the shill who bids in league with the seller to artificially inflate the price--and other characters as well. Steiglitz guides readers through the fascinating history of auctions, how they functioned in the past and how they work today in online venues like eBay. Drawing on cutting-edge economics as well as his own stories from eBay, he reveals practical auction strategies and introduces readers to the fundamentals of auction theory and the mathematics behind eBay. Complete with exercises and a detailed appendix, this book is a must for sophisticated users of online auctions, and essential reading for students seeking an accessible introduction to the study of auction theory |
| Beschreibung: | Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021) |
| Beschreibung: | 1 online resource (304 pages) 4 halftones. 28 line illus |
| ISBN: | 9780691233864 |
| DOI: | 10.1515/9780691233864 |
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| 520 | |a Every day on eBay, millions of people buy and sell a vast array of goods, from rare collectibles and antiques to used cars and celebrity memorabilia. The internet auction site is remarkably easy to use, which accounts in part for its huge popularity. But how does eBay really work, and how does it compare to other kinds of auctions? These are questions that led Ken Steiglitz--computer scientist, collector of ancient coins, and a regular eBay user--to examine the site through the revealing lens of auction theory. The result is this book, in which Steiglitz shows us how human behaviors in open markets like eBay can be substantially more complex than those predicted by standard economic theory. In these pages we meet the sniper who outbids you in an auction's closing seconds, the early bidder who treats eBay as if it were an old-fashioned outcry auction, the shill who bids in league with the seller to artificially inflate the price--and other characters as well. Steiglitz guides readers through the fascinating history of auctions, how they functioned in the past and how they work today in online venues like eBay. Drawing on cutting-edge economics as well as his own stories from eBay, he reveals practical auction strategies and introduces readers to the fundamentals of auction theory and the mathematics behind eBay. Complete with exercises and a detailed appendix, this book is a must for sophisticated users of online auctions, and essential reading for students seeking an accessible introduction to the study of auction theory | ||
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| spelling | Steiglitz, Ken Verfasser aut Snipers, Shills, and Sharks eBay and Human Behavior Ken Steiglitz Princeton, NJ Princeton University Press [2021] © 2007 1 online resource (304 pages) 4 halftones. 28 line illus txt rdacontent c rdamedia cr rdacarrier Description based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021) Every day on eBay, millions of people buy and sell a vast array of goods, from rare collectibles and antiques to used cars and celebrity memorabilia. The internet auction site is remarkably easy to use, which accounts in part for its huge popularity. But how does eBay really work, and how does it compare to other kinds of auctions? These are questions that led Ken Steiglitz--computer scientist, collector of ancient coins, and a regular eBay user--to examine the site through the revealing lens of auction theory. The result is this book, in which Steiglitz shows us how human behaviors in open markets like eBay can be substantially more complex than those predicted by standard economic theory. In these pages we meet the sniper who outbids you in an auction's closing seconds, the early bidder who treats eBay as if it were an old-fashioned outcry auction, the shill who bids in league with the seller to artificially inflate the price--and other characters as well. Steiglitz guides readers through the fascinating history of auctions, how they functioned in the past and how they work today in online venues like eBay. Drawing on cutting-edge economics as well as his own stories from eBay, he reveals practical auction strategies and introduces readers to the fundamentals of auction theory and the mathematics behind eBay. Complete with exercises and a detailed appendix, this book is a must for sophisticated users of online auctions, and essential reading for students seeking an accessible introduction to the study of auction theory In English BUSINESS & ECONOMICS / E-Commerce / General (see also COMPUTERS / Electronic Commerce) bisacsh Game theory Internet auctions Simulation methods https://doi.org/10.1515/9780691233864 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Steiglitz, Ken Snipers, Shills, and Sharks eBay and Human Behavior BUSINESS & ECONOMICS / E-Commerce / General (see also COMPUTERS / Electronic Commerce) bisacsh Game theory Internet auctions Simulation methods |
| title | Snipers, Shills, and Sharks eBay and Human Behavior |
| title_auth | Snipers, Shills, and Sharks eBay and Human Behavior |
| title_exact_search | Snipers, Shills, and Sharks eBay and Human Behavior |
| title_exact_search_txtP | Snipers, Shills, and Sharks eBay and Human Behavior |
| title_full | Snipers, Shills, and Sharks eBay and Human Behavior Ken Steiglitz |
| title_fullStr | Snipers, Shills, and Sharks eBay and Human Behavior Ken Steiglitz |
| title_full_unstemmed | Snipers, Shills, and Sharks eBay and Human Behavior Ken Steiglitz |
| title_short | Snipers, Shills, and Sharks |
| title_sort | snipers shills and sharks ebay and human behavior |
| title_sub | eBay and Human Behavior |
| topic | BUSINESS & ECONOMICS / E-Commerce / General (see also COMPUTERS / Electronic Commerce) bisacsh Game theory Internet auctions Simulation methods |
| topic_facet | BUSINESS & ECONOMICS / E-Commerce / General (see also COMPUTERS / Electronic Commerce) Game theory Internet auctions Simulation methods |
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