Jump bidding

Jump bidding is a bidding strategy commonly used in online auctions, particularly in the context of auctioning items or in real estate. It occurs when a bidder places a significantly higher bid than the current highest bid, in a way that disrupts normal bidding patterns. This strategy can serve several purposes: 1. **Psychological Impact**: By making a large bid, the jump bidder can intimidate other bidders or convey a sense of urgency, potentially discouraging them from participating further.