Being asked by United to switch to a different flight for a travel voucher or miles. They want me to bid for one of the options. I can take the flight 5hrs later. How much should I bid? IAD to DTW

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First time flying? However much it’s worth to you.

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Three times what you paid for it

funny

Because you don’t have perfect information (i.e. what your competitors/other passengers are bidding) theory says you should bid what it’s worth to you to take the later flight. That way if you win you’ll be happy and if you don’t win you wouldn’t have been happy with the winning bid anyway

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Lol I feel like you just repeated what I said but omit the emotional aspect of it. EQ matters!

Based on the way UA processes these, the dominant strategy from a game-theory POV is to bid the lowest # you would actually accept.

That maximizes your chance of being selected and everyone gets adjusted to the highest accepted bid.

Example: They need 2 seats. Passengers A, B, and C bid 450, 550, and 650 respectively. Result: A and B take a later flight and both get 550

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Not first time flying but first time in this situation. I'm asking because I want to make a market competitive bid.

Min of $800-1000 imo

Upto the max of 1300

Do you want the voucher more or do you want to take your original flight more? If you want the voucher a lower bid will be more competitive. It depends on what the delay is worth to you.

S1
Thanks that makes sense and was what I would have done. I figured asking here would help improve what I know of the market. Ended up bidding $850

@BCG1
That's really interesting. Didn't know about that process. Thanks for the insight

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