Originally Posted by
Enso
I must be missing something.
Let's say there's a bunch of items (UCH, for instance). Their values are 8, 10, 20, 5, 13, and 7. Average being 10.5.
Now let's add in some larger numbers: 50, 80, and 70. The average is now 29.2.
So how does adding items at an increased price decrease average value?
As for your underbidding theory, which would mean people are *not* using the suggested price so there goes that part of your argument, someone looking to underbid would look at the cheapest price, and go 10k, 15k below that. What kind of under bidder looks at the *highest* price and bids lower than that? An idiotic one. That's what.
You can either argue that people take the suggested price and that adding UCH at a higher price makes the average lower (what?) or you can argue that people are under bidding and that adding UCH at a higher price will make them bid lower (what?). Take your pick. I really hope I'm missing some fundamental part of your case you haven't shared.
(Also, what the heck is a "straw hat" argument? I think what you were going for is straw man, and that argument was not a straw man argument.)
Bookmarks