Take the following as truth: So, bidding should be leisurely when bidders have little to learn from each other (say, when they're bidding on a new computer that's been widely reviewed) and intense when some bidders are far more expert than others (say, when they're bidding on a heart defibrillator for home use).
Then the following statement: "Bidding differently depending on the respective expert-levels of the bidders is ultimately better for consumers." is true, false, or inconclusive?
Answer: Inconclusive