Comment by imtringued
3 hours ago
According to you, a bidder should always be willing to extend the bid to infinity since each increment is only one cent more.
3 hours ago
According to you, a bidder should always be willing to extend the bid to infinity since each increment is only one cent more.
No, I am willing to pay $0.01 more but not infinity more, there's a difference
"I made my max bid $500.00, but I'd have paid $500.01!"
"I made my max bid $500.01, but I'd have paid $500.02!"
"I made my max bid $500.02, but I'd have paid $500.03!"
…where does this process end?
I can't give you a precise number, but it's somewhere above $0 and below $∞
The way you've put it, always exactly 1¢ above your max bid.