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strategy

Should You Be Intimidated By Penny Auction Usernames?

by Amanda Lee on March 23, 2011

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You don’t have to be a penny auction bidder very long before you notice the sheer number of users with names like IWillBidUntilIWinOrElse - 10000Bids – AlwaysBiddingRetail.

But – What’s in a Username?

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How to Approach Penny Auctions

runway October 29, 2010

For the most part, novice bidders have very little experience with the pay to bid process. More experienced players have evaluated multiple strategies and determined the best course of action for their individual comfort level. Professional bidders tend to have a very aggressive approach regardless of their opponent. The biggest question is, “How do you [...]

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Have you tried DFWBID.com?

November 17, 2009

Elana Centor, of the blog FunnyBusiness, recently posted a great article on BlogHer.com chronicling her bidding experience and strategies she uses on DFWBID. Elana also mentions that bidders need to take caution when trying out online auctions, we want to thank her for mentioning Penny Auction Watch. Thanks Elana! “The decision to launch my penny auction strategy requires constant [...]

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An All-Pay Auction in Practice

November 9, 2009

Dr. David Zetland, professor of Environmental Economics and Policy 100 at UC Berkeley explains the all-pay auction. Penny auctions are all-pay auctions and if you ever wondered why a bidder has spent more than the item’s value this will explain sunk cost.

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Stay On Top

September 30, 2009

By: Stephen R. Smith (AnCapMan) Last week I spoke about a pitfall most new penny auction users fall into, the last second bidding system. This week I will discuss the first of many methods to actually win a penny auction, Domination. As posted in another article penny auctions are part game theory and part psychology. [...]

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Penny Auctions a Mix of Game Theory and Psychology

September 26, 2009

Winning penny auctions have a lot to do with game theory and intimidation tactics. In fact the whole concept behind bid-fee auctions comes from economist Martin Shubik and his colleagues, John Nash, Lloyd Shapley, and Melvin Hausner’s “dollar auction.” What’s a dollar auction? Read this excerpt from William Poundstone’s Prisoner’s Dilemma: “In 1950, Shubik, John [...]

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Join the Penny Auction Watch Community!

September 11, 2009

Have you joined the Penny Auction Watch Community yet? What are you waiting for? It’s easy and free! If you enjoy penny auctions and need help finding new ones, need to ask questions/ discuss problems, want to brag talk about your wins (be nice!),  and learn strategy the penny auction forums are for you. If [...]

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Is There an Effective Strategy to Winning Penny Auctions?

September 1, 2009

Here’s what  user tracie_n_AnCapMan in our forum has to say: Very Simple – Win it at all costs, any other strategy is mathematically unsound. Yes that is oversimplified, but You must be willing to lose big to guarantee the win. What causes the win? a few things, the aforementioned Volunteers Dilemma is a large cause [...]

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