How much do I bid on Priceline?
Specifically, if you enter a dollar amount that is low, it says, "based on recent data, your price has only a small chance of being accepted."
Once you reach a dollar amount high enough, that sentence goes away. So, some simple entering of numbers, going up by 1, each time, reveals that you are now high enough not to get the warning - please let me call this amount the "set point."
So...how close should I get to the set point...should I go right at it? Do they put the set point too high so that they get more profit? should i count on getting a hotel deal at any amount higher than set point?
Thanks!
Specifically, if you enter a dollar amount that is low, it says, "based on recent data, your price has only a small chance of being accepted."
Once you reach a dollar amount high enough, that sentence goes away. So, some simple entering of numbers, going up by 1, each time, reveals that you are now high enough not to get the warning - please let me call this amount the "set point."
So...how close should I get to the set point...should I go right at it? Do they put the set point too high so that they get more profit? should i count on getting a hotel deal at any amount higher than set point?
Thanks!