Bidding aggressively in online auctions? Get ready to pay more!
The article looks at how people bid in online auctions and how it affects prices. By analyzing data from Big Deal.com, the researchers found that there are six types of bidders. They discovered that using a nonaggressive strategy is the best way to bid. They also found that when more aggressive bidders participate in an auction, prices go up. On the other hand, when more non-aggressive bidders take part, prices tend to go down.