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by RyanCavanaugh 3359 days ago
I've been in boarding areas where this happened. The offer started at $400 and ended up at $1,000 by the time they got enough people to accept. No one was outraged (and I was quite happy to get 2x$1,000 in vouchers in exchange for a minor inconvenience).
2 comments
ghaff 3359 days ago
That's not a reverse auction.

A reverse action is offering $2K. More people than we need. OK, how about $1500? Still too many. $1000? OK, right number.

"Wait! You offered us $2K and now you're only going to give us $1K. Lying POSs."

At least that's what I think people are referring to as a reverse auction in this context. I'm not sure if that's a totally accurate description or not.

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thaumasiotes 3359 days ago
Do you really think "The offer started at $400 and ended up at $1,000" matches the description "start high and lower it"?
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