Community Pricing: The Serpent of Eden:$8 – current winning bid (ends Friday Oct 5) is above 100%$10 – is above 100%$12 –is below 100%$14 – above 100%$ 16 – above 100%Question: if $10 and $14 are both above 100% how can $12 be below??
I don't know for sure… but if the system truly does reflect actual bids, it makes sense this way: There are enough bidders at $14 & $10, but not at $12. If the $10 bidders backed out at the last minute, the $12 bidders would lose out. A Bar graph would make this more apparent, but would be more confusing for most users.
if $10 and $14 are both above 100% how can $12 be below??
it's just the number of bids. I just typed some numbers into Excel - assuming the production price would be 800, the data for the curve could be like this:
remember that the 50 bids for 16 are valid for 14, 12.... as well, but there may be a number of people (here 40) that want to pay 10 at the max.
Anybody wanting to take a look http://www.logos.com/product/26682/the-serpent-of-eden-a-philological-and-critical-essay-on-the-text-of-genesis-3-and-its-various-interpretations
This has confused me as well. I have always thought (I guess incorrectly) that a bid for $16 was also a bid all the increments below it.
As long as I have a bid that is over 100% I'm not too concerned.
Yes, this is the case - see my example above.
I have always thought (I guess incorrectly) that a bid for $16 was also a bid all the increments below it.
It still is... Simple math (for my sake): Threshold =$100.
It still is... Simple math (for my sake): Threshold =$100. Two users bid $50, the $100 threshold is met. One bidder bids $25. When you add the two $50 bidders, the threshold is NOT met (the $25 price point is at $75). Seven bidders bid $10. Threshold is met (7x$10 = $70; plus $30 for the other three (higher) bidders)
the chart looks like this:
above in my $800 example I didn't have the bidders and the column headers, it looks like this:
cumulated bids is always bidders for this price plus cumulated bidders for the higher prices. Logos used to have such a chart in the CP explanation section before they made the cool but less detailed video.
Now it makes sense.
Thanks
Posted the link, and then saw that it was already posted.
Is it just me, or did something happen in the last 24hrs that put $14 and $16 under 100%. Did they raise the production cost?
I'm amazed at the speed this price reached the line and now drops. It makes me think this is a good/special resource. Nevertheless I haven't heard of it before, can someone tell me why I want to have it (if I should want to have it)?
I dont think you can go wrong if it says :
enough people adjusted their bids downwards
that makes sense.
Seems that quite a few have lowered their bids... perhaps they thought $16 for a single volume was too high [:)]
