Snipe on eBay FTW and a great deal.
Okay, so not everyone’s going to recognize FTW (for the win), but everyone understands “eBay” and “great deal”. Previous studies have been done that show that winning bids occur most frequently in the last couple of seconds before the auction closes. This also helps keep the cost of the item low because it virtually shortens the auction time. My wife knows this, and others have studied the phenomenon, but now South Korean physicists have applied a universal formula that supports the truth in this matter. They say that formula is nk(t+1) — nk(t) = w(k-1)(t)*n(k-1)(t) — wk(t)*nk(t) + sigma(k,1)*u(t)
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This can also be classified as a case of the “Snipe Phenomena”.