tag:blogger.com,1999:blog-7390576188766780979.post1330546311485051322..comments2016-10-05T19:46:37.769-07:00Comments on Penny Auction Insider: The Sunk Cost FallacyMalvoliohttp://www.blogger.com/profile/05213853476775717467noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7390576188766780979.post-83853005385473141362009-08-18T21:16:22.069-07:002009-08-18T21:16:22.069-07:00Swoopo also auctions of bids. Hence, you assume t...Swoopo also auctions of bids. Hence, you assume that he paid $108 in bids, but he may have purchased the bids at a substantial discount. 50 bids recent sold for $3.62. It is likely that his cost of bidding was below $43.60 and he earned positive profits.Anonymousnoreply@blogger.com