Talk About Your Startup Idea with Paul Graham
stanford.edu
stanford.edu
1) Put's more heads through the auction house door. One group could be searching for a bargain while another group benefits from increased perceived affordability (even if it ultimately ends up being illusionary). More bidders on the floor drive competition and maximize the closing price.
2) Allows others to feel the item is undervalued, and hence provides an opportunity for positive comment. If most said it was overvalued, that would create negative commentary and hence an undesirable perception of the brand (PG is this instance). If priced according to what the market roughly perceives as accurate, it generates less discussion, or action.
(http://alicebot.blogspot.co.uk/2012/08/chatbot-battles-post-...)
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I hope I am right. It's a good cause.
Here's an idea: PG, how about offering a lunch meeting to the HN member who makes the closest prediction to the winning bid? They would have to post it on HN and FB or something like that. This serves the purpose of helping advertise this worthy cause.