the one that got away - how do you handle grief?
2 views:
- OPTIMISM - assuming best case scenario is the focus
- REALITY - looking at probability based on history
So in auctions:
- Optimism hopes the entered bid, at a level I’m comfortable with, will be enough to win the auction. In hindsight, upon an auction loss, when the winning bid is below my max sacrifice budget, then I often beat myself up for not increasing my bid beyond the comfortable amount.
- Reality realizes that based on past observations and experience, I can be outbid anytime (I have no control), even my very best bid. But sometimes I can dive in with last minute bids to help my chances. Nothing is certain.
I used to live in Optimism until I discovered it often leads to DEEP emotional disappointment. Now I live in Reality which spares me the emotional baggage.

