| Digger Trucks and Auctions – Let it Rain on This Parade! |
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| Thursday, 26 January 2012 10:30 |
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Psychological ImpactWeather affects people in different ways; therefore, it is certainly possible that it will impact the way participants at auctions decide how and what to bid as well as how much to offer in order to outbid opponents. It could be a psychological question as to how the climate changes the average mood of an individual during competition at an auction. One thing is quite noticeable: sunny weather seems to provide elation during competition, while precipitation, hard rainfall or even a simple drizzle can put a damper on everyone's spirits. There have been several studies conducted about the influence of weather and the results were surprising as researchers found that there was little or no change in the mood of people in relation to the outside elements. Whatever the results of such studies may show, good atmospheric conditions seem to promote a positive mood and significantly affect the decision-making process. Even though economic theories seem to suggest that weather conditions such as sun, rain or snow should not influence the willingness of participants to bid on products being auctioned, behavioral psychology states that weather conditions can produce irrational thinking during these live events. Physical ImpactThere is actually a very physical element to the influence of weather on bidders at an auction. When the weather is inclement – cold and rainy or even snowy, there are a certain number of registered participants who will not show up unless extremely motivated to make a purchase. The fewer buyers that attend such an event, the fewer bidders there are to bid against. The mathematics alone lends credence to this: if there are normally 100 attendees against whom to bid, any one bidder has a 1 in 100 – or 1% - chance of placing the winning bid. When inclement weather reduces the number of participants from 100 to perhaps 25 bidders, any one bidder has a 1 in 25 – or 4% - chance of a winning bid. Reduce the number of attendees even more if the weather is 'really' bad, say from 25 down to 15, and any one bidder now has a 1 in 15 – or nearly 7% - change of placing the winning bid. Auction companies are generally very good avenues from which to purchase digger trucks or other commercial vehicles. This challenging way of purchasing an item requires confidence and a firm intent to end up with a good buy. There are other factors that affect the decision of how much and how often to bid in order to beat the competitors; one of those factors may indeed be the climatic conditions on the day of the event. Whether the effect of bad weather is a purely psychological or a physical one, let the physical elements be a positive factor to quickly and effectively defeat all fellow rivals! |
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