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Science Confirms Sniping Works On eBay

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The best way to win an auction online is to wait as late as possible in the auction before submitting a bid, a method scientists have unsurprisingly discovered works best. You'll never find an auctioneer in real life who will stop the auction at a preset time with bidders clamoring to bid more, but online auctions on eBay do this regularly. Although there is no way to connect auction sniping with the rise in "Buy It Now" sales on eBay, it's hard to discount a connection entirely. A New Scientist Del.icio.us | Digg | Yahoo! My Web | Furl Bookmark Murdok: David Utter is a staff writer for Murdok covering technology and business.

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