Terry Erisman

Title: Innovations by Terry Erisman

Introduction

Terry Erisman is an accomplished inventor based in Menlo Park, California. She has made significant contributions to the field of auction systems and access rights through her innovative patents. With a total of two patents to her name, Erisman's work has the potential to transform how users engage with auction processes.

Latest Patents

Erisman's latest patents include a system and method for determining the right of access. This invention outlines various methods and systems for auctioning items such as golf tee times, restaurant reservations, concert tickets, or hotel reservations. Users can effectively bid on a large number of items but receive at most one item at the end of the auction. This method has several favorable effects for users, including increasing the probability of successfully bidding for at least one item, making the auction process more convenient by greatly reducing the need for actively monitoring the auction, and decreasing the possibility of being outbid at the last moment. Additionally, this method benefits sellers by increasing the probability that their listed items will sell and raising the expected average sales price.

Career Highlights

Throughout her career, Terry Erisman has worked with various organizations, including the John Nicholas and Kristin Gross Trust. Her experience in these roles has contributed to her understanding of auction systems and user engagement.

Collaborations

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Conclusion

Terry Erisman is a notable inventor whose innovative patents in auction systems and access rights demonstrate her expertise and commitment to enhancing user experiences. Her contributions are poised to make a lasting impact in the field.