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).
Bidding differently depending on the respective expert-levels of the bidders is ultimately better for consumers.
mnli hypothesis: Bidding differently depending on the respective expert-levels of the bidders is ultimately better for consumers. premise: 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).