http://cgi.ebay.com/BP-ARCO-Gas-Card-100-No-Expiration_W0QQitemZ330198587583QQihZ014QQcategoryZ31411QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

Why would you pay more for a gift card than what its worth?

12/20/2007 12:51:48 PM

has to be a reason

or something

weird

12/20/2007 12:55:46 PM

it's a trap

12/20/2007 12:56:24 PM

when you bid initially, can't you set it to always go a certain amount above someone (if you're outbid)

maybe the idiot set it too high

12/20/2007 12:57:03 PM

ha

12/20/2007 1:26:06 PM

Quote :

"Why would you pay more for a gift card than what its worth?"

Because it's worth fifty cents to have it delivered to your front door.

12/20/2007 1:28:29 PM

because people are dumb

12/20/2007 1:29:35 PM

It's a perfect example of how pure auctions are supposed to end with the winner paying more than the market price. It's called the "Winner's Curse"

look it up

12/20/2007 1:33:33 PM