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| Would you use a bid sniping service to let it bid your money on Prosper? |
| Yes |
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0% |
[ 0 ] |
| I will give it a limited try and monitor the results |
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60% |
[ 3 ] |
| No, never! |
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40% |
[ 2 ] |
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| Total Votes : 5 |
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| Author |
Message |
Wiseclerk
Site Admin
Joined: 22 Nov 2007
Posts: 70
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 Posted: Wed Feb 27, 2008 6:18 am Post subject: Would you use a bid sniping service to bid on Prosper loans? |
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Prosper recently made it technically possible for lenders to entrust third party applications to bid on their behalf.
One possible application is bid sniping (like on ebay) which allows last minute bidding before listing expire if the listing and rates match you expectations.
Another possible application is sophisticated software trying to gauge default risk for listings by statistical analysis of past performance.
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