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Tuesday, March 01, 2005

Harvard Study Looks at Auction Snipers

Harvard economist Alvin E. Roth recently completed a study of the online auction buying technique known as "sniping." Roth found that 37% of auctions have bids in the last minute and 12% in the last 10 seconds. The B School's Working Knowledge recently interviewed Roth and printed a concise article that delineates some of his methodology and findings.