Community Pricing: The Serpent of Eden:
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??
Comments
-
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.
macOS, iOS & iPadOS |Logs| Install
Choose Truth Over Tribe | Become a Joyful Outsider!0 -
David Ames said:
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:
100 8 800 100% 100 10 1000 125% 60 12 720 90% 60 14 840 105% 50 16 800 100% 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
Have joy in the Lord!
0 -
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.
0 -
Ronald Quick said:
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.
Yes, this is the case - see my example above.
Have joy in the Lord!
0 -
Ronald Quick said:
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.
- 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)
macOS, iOS & iPadOS |Logs| Install
Choose Truth Over Tribe | Become a Joyful Outsider!0 -
alabama24 said:
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:
bidders cumul. price revenue perc of threshold 7 10 10 100 100% 1 3 25 75 75% 3 2 50 100 100% above in my $800 example I didn't have the bidders and the column headers, it looks like this:
bidders cumul. price revenue perc of threshold 0 100 8 800 100% 40 100 10 1000 125% 0 60 12 720 90% 10 60 14 840 105% 50 50 16 800 100% 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.
Have joy in the Lord!
0 -
Now it makes sense.
Thanks
0 -
Posted the link, and then saw that it was already posted.
Mission: To serve God as He desires.
0 -
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?
0 -
I think what this means is that enough people adjusted their bids downwards that, as a result, the number of remaining bids still at $14 or $16 is now less than what is needed to make the production cost at that bid level .John Harrigan said: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?
0 -
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)?
0 -
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 :
and Its Various Interpretations [;)]
0 -
Seems that quite a few have lowered their bids... perhaps they thought $16 for a single volume was too high [:)]
0
