Economics and Two Experiments (about the brain)

This type of blog entry makes me want to know a lot about every subject.  Interrelation FTW!

Swoopo.  Sounds like a bad television add product.  This new website is like ebay–except WAY cooler.

Recently, a macbook pro sold for 35$.  This is fairly typical for this site.

Here is the deal.  Items are tremendously discounted to the winner by swoopo charging for bids.  Unlike Ebay, Sweepo charges 60 cents each time you bid up–and–each bid can only raise the total cost by a single penny.

If you want to know the economics or the neuroscience behind this new successful site, check out Lehrer’s entry.

Picture 2

(this is a screenshot I took of how the website looks.  swoopo.com)

http://scienceblogs.com/cortex/2009/07/swoopo.php

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