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Also known simply as "anti-snipe". Some online auction systems attempt to discourage sniping (manual or automated) by automatically extending the auction time if a last-minute bid is placed. This approach leaves all bidding open, and allows any bidders who are watching during the final few minutes to raise the bid. It can also lead to last ...
A snipe hunt is a type of practical joke or fool's errand, in existence in North America as early as the 1840s, in which an unsuspecting newcomer is duped into trying to catch an elusive, nonexistent animal called a snipe. Although snipe are an actual family of birds, a snipe hunt is a quest for a creature whose description varies.
A first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. [1] In this type of auction, all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the price that was submitted. [2]: p2 [3]
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Domain drop catching, also known as domain sniping, is the practice of registering a domain name once registration has lapsed, immediately after expiry. Background [ edit ]
The generalized second-price auction (GSP) is a non-truthful auction mechanism for multiple items. Each bidder places a bid. The highest bidder gets the first slot, the second-highest, the second slot and so on, but the highest bidder pays the price bid by the second-highest bidder, the second-highest pays the price bid by the third-highest, and so on.