Unit III Journal (MDM)

Recall a time when you experienced winner’s curse. Perhaps you purchased something for what you thought was a great price but quickly (or later) realized was not. Perhaps the quality was lower than you thought it was. What were your feelings at the time of the purchase when it seemed like such a good deal? Compare your initial feelings to what you felt later when realizing that it was not what you thought. Your journal entry must be at least 200 words in length. No references or citations are necessary

Solution Preview

WINNER’S CURSE

Buying an item and later realizing that its value is much less than the price you paid for it really hurts. What hurts most is that you only realize the curse after the purchasing. I remember an instance where I decided to buy stamps for reselling. I was thinking of a unique and rare stamp that would attract more customers.

(265 words)