Submitted by Christina on 27 June 2006 - 9:26am.
This article on USATODAY.com talks about winning auctions on E-Bay:
"a study by South Korean physicists confirms via some elaborate mathematical modeling that "sniping" — waiting for the very last second to submit your bid on that Elvis-shape throw rug — is indeed "a rational and effective strategy to win in an eBay auction."
This would also be a useful tactic for New Zealand's most popular website, trademe.co.nz.
You might find this interesting:
http://www.hotbid.co.nz/
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