3 August 2012
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Help make your own Penny Auction

Help make your own Penny Auction Penny Auction websites throughout the past few years are becoming a fantastic and concurrently lucrative business giving a reason for further e-commerce fans to check their luck. To create your individual Penny Auction is created together with an incredible, while complicated, multiple step challenge. For your project to become […]


3 August 2012
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How To Buy Penny Auction Software

It’s not feasible for Penny Auction site searchers to purchase high-finish versatile Penny Auction Software, since far not every the businesses, declaring to give the best Penny Auction script, sell effective, competitive product. To prevent creating a mistake before purchasing Penny Auction script, one needs to conduct profound research. Here are a few important aspects […]


25 July 2012
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Comments: Comments Off on The History of Penny Auctions

The History of Penny Auctions

The concept was first introduced in 1971 by Martin Shubik, the Seymour Professor of Mathematical Institutional Economics at Yale University, under the name of dollar auction. The game is an illustration of a paradox in which the participants are constrained to make, in the end, an irrational decision based on a sequence of rational decisions; […]