Irksome problem with long-term bids

rburgh · 04-04-2020, 04:15 PM

When you put a bid out on a player, frequently someone comes along to sell that card and offers it at a buy it now price less than your bid. Why can't the software just parse all the bids, award the cut price card to the guy with the current highest bid on ane one of that card, remove that bid from the queue on the particular card that it was on, and readjust everything?

dkgo · 04-04-2020, 05:31 PM

Do you have any clue how ridiculous that suggestion is in terms of programming required?

Why can't you just not bid on a card until the auction is almost over?

Westheim · 04-04-2020, 06:02 PM

Among other things, what happens to the original auction that loses its top bidder? First, there is no "queue". The second-highest bidder has already had his PP refunded and may have bought something else, may not have the PP, or may not want the card anymore.

rburgh · 04-04-2020, 06:38 PM

Sorry, worked in the securities trading industry for some time, and thought this was the same sort of marketplace. Of course, it's not.

Ty Cobb · 04-05-2020, 06:32 PM

Well...la...di...da.

rburgh · 04-11-2020, 05:01 PM

In the securities industry, there ARE bid and offer queues. This provides for a much more efficient marketplace than the model used here. Essentially, anyone who wants to buy a card just posts a bid. He is put in a queue where (a) everyone with a higher bid is ahead of him, and (b) everyone who has the same bid as him is also ahead of him. Similarly, anyone wanting to sell a card would just post an offer price; all people with lower offers would be ahead of him and also all people with pre-existing equal offers.

This has many advantages:

1. When you quicksell a card, you get the highest bid price, not the default house price (by the way, the house is always last; anyone who posts a 5 bid for an Iron card gets the first quicksell card unless there are higher bids or older equal bids by another user). This keeps more cards in circulation since anyone who quicksells a card is likely to find a player who is a buyer, and will nearly always get a better price from the quicksell. Anyone who wants a particular card just posts a bid; his bid price is placed in an escrow account where he may no longer use those PP's to bid on any other card.

2. In this model, anyone may cancel a bid or offer at any time. Also, bids and offers can be set to expire at a certain time, where if no deal is made the escrow is returned automatically.

3. The AH is much more compact, there need be only one line per card, listing the highest existing bid and its expiration time, and the lowest offer and its expiration time. No more paging through 30 pages of iron cards to find the 3 iron cards you need to complete your mission. And because the AH is more compact, it is also many times faster.

4. It is much harder for someone to hoard a particular card to drive the price up. Since very few cards ever go out of play, there is always a supply waiting to be put on the market when the price rises sufficinelty to make it attractive to sell.

Just a suggestion.

mcdog512 · 04-18-2020, 11:04 PM

That's wonderful for the real market. This is a game and sort of based on how ebay works so that's pretty much that.

04-04-2020, 04:15 PM	#1
rburgh All Star Reserve Join Date: Nov 2012 Location: Pittsburgh Posts: 732	Irksome problem with long-term bids When you put a bid out on a player, frequently someone comes along to sell that card and offers it at a buy it now price less than your bid. Why can't the software just parse all the bids, award the cut price card to the guy with the current highest bid on ane one of that card, remove that bid from the queue on the particular card that it was on, and readjust everything? Last edited by rburgh; 04-04-2020 at 04:21 PM.

04-04-2020, 06:02 PM	#3
Westheim Hall Of Famer Join Date: Apr 2012 Location: Germany Posts: 11,883	Among other things, what happens to the original auction that loses its top bidder? First, there is no "queue". The second-highest bidder has already had his PP refunded and may have bought something else, may not have the PP, or may not want the card anymore. __________________ Portland Raccoons, 83 years of excell-.... of baseball: Furballs here! 1983 * 1989 * 1991 * 1992 * 1993 * 1995 * 1996 * 2010 * 2017 * 2018 * 2019 * 2026 * 2028 * 2035 * 2037 * 2044 * 2045 * 2046 * 2047 * 2048 * 2051 * 2054 * 2055 1 OSANAI : 2 POWELL : 7 NOMURA \| RAMOS : 8 REECE : 10 BROWN : 15 HALL : 27 FERNANDEZ : 28 CASAS : 31 CARMONA : 32 WEST : 39 TONER : 46 SAITO Resident Mets Cynic - The Mets from 1962 onwards, here.

04-04-2020, 06:38 PM	#4
rburgh All Star Reserve Join Date: Nov 2012 Location: Pittsburgh Posts: 732	Oh, I see Sorry, worked in the securities trading industry for some time, and thought this was the same sort of marketplace. Of course, it's not.

04-05-2020, 06:32 PM	#5
Ty Cobb Hall Of Famer Join Date: Mar 2013 Location: Grayling, MI Posts: 3,935 Blog Entries: 65	Well...la...di...da. __________________ “What’s the most you ever lost on a coin toss?” “Everyone is an atheist until Templars begin marching in the rain.” Absinthe makes the heart grow fonder. Society's tolerance for violent criminals is dumbfounding. "Alinsky works for me now."

04-11-2020, 05:01 PM	#6
rburgh All Star Reserve Join Date: Nov 2012 Location: Pittsburgh Posts: 732	A securities industry style auction house In the securities industry, there ARE bid and offer queues. This provides for a much more efficient marketplace than the model used here. Essentially, anyone who wants to buy a card just posts a bid. He is put in a queue where (a) everyone with a higher bid is ahead of him, and (b) everyone who has the same bid as him is also ahead of him. Similarly, anyone wanting to sell a card would just post an offer price; all people with lower offers would be ahead of him and also all people with pre-existing equal offers. This has many advantages: 1. When you quicksell a card, you get the highest bid price, not the default house price (by the way, the house is always last; anyone who posts a 5 bid for an Iron card gets the first quicksell card unless there are higher bids or older equal bids by another user). This keeps more cards in circulation since anyone who quicksells a card is likely to find a player who is a buyer, and will nearly always get a better price from the quicksell. Anyone who wants a particular card just posts a bid; his bid price is placed in an escrow account where he may no longer use those PP's to bid on any other card. 2. In this model, anyone may cancel a bid or offer at any time. Also, bids and offers can be set to expire at a certain time, where if no deal is made the escrow is returned automatically. 3. The AH is much more compact, there need be only one line per card, listing the highest existing bid and its expiration time, and the lowest offer and its expiration time. No more paging through 30 pages of iron cards to find the 3 iron cards you need to complete your mission. And because the AH is more compact, it is also many times faster. 4. It is much harder for someone to hoard a particular card to drive the price up. Since very few cards ever go out of play, there is always a supply waiting to be put on the market when the price rises sufficinelty to make it attractive to sell. Just a suggestion. Last edited by rburgh; 04-11-2020 at 05:03 PM.

04-04-2020, 05:31 PM	#2
dkgo Hall Of Famer Join Date: Apr 2010 Posts: 2,152	Do you have any clue how ridiculous that suggestion is in terms of programming required? Why can't you just not bid on a card until the auction is almost over?

04-18-2020, 11:04 PM	#7
mcdog512 Hall Of Famer Join Date: Dec 2018 Location: Pack Robert Gibson; November 9, 1935 – October 2, 2020 Posts: 2,339	That's wonderful for the real market. This is a game and sort of based on how ebay works so that's pretty much that. __________________