Order my new book by 5/16 for exclusive bonuses. Click here.

Would you pay $15 for a $10 gift certificate?

.

Follow bakadesuyo on Twitter

In a set of eBay auctions of Amazon.com gift certificates, 41.1% of winning prices exceed face value, which is an observable upper bound for rational bidding because Amazon.com sells certificates at face value. Alternative interpretations to bidding fever are explored.

Source: “Bidding fever in eBay auctions of Amazon.com gift certificates” from Economics Letters

Follow me on FacebookTwitter or RSS.  

Related posts:

Does name-dropping work?

Does obvious flattery work?

Things you didn’t know about negotiation, persuasion and influence

Share

Subscribe to the newsletter

Over 500,000 people have subscribed to my newsletter. Join now and get the beginning of my new book free:

I want to subscribe!