How Can You Sell One Hundred Dollars In An Auction

Is it possible to sell $100 in an auction and earn money? Imagine an auction that offers $100 for sale under these conditions:

1. The highest price offer wins.
2. The offer that came in second pays the bid and leaves empty-handed.

What do you think will happen at the auction?

Suppose you’re in the audience at this auction. Wouldn’t you offer $1 to try and win a hundred? Of course you would. So you place your offer – one single dollar. What would you think the man sitting next to you does? He raises your offer and makes his own offer of two dollars that will bring him a profit to show off.

Now you realize that not only didn’t you win, but you have to pay $1, the price bid that came in second. So now you’re offering three dollars … What’s there to lose? Thus, the game continues until there is a $99 offer. The surprising fact is that if you got to this point you will want to pay more! Why? Because, if you’ve already offered more than $10 (for example) and if your new offer will be $105 and you “win” you will lose only $5 and not $10. As you see, at this point, the problems by looking at them from many angles instead of tackling them head-on.

Lateral thinking puzzles sharpen your ability to think and teach you other ways to do so. Different thinking sometimes requires changing your lifestyle. Why don’t you take a different route to work tomorrow morning? Just to see new things. Why not invite your friend, wife or children to a movie you “could never like” just to have new experiences? Breaking the routine conventions you live with will help you get “outside the box”. Do new things just because they are new. By inviting new ideas and actions into your environment you are pulling more and more creativity to your life.

Example #1: (Looking at a problem from a different angle)

Rearrange the following letters to form a single word (read to the end for the answer)
N E W S A G R O L I D

Example #2:

Three switches outside a windowless room are connected to three light bulbs inside the room. How can you determine which switch is connected to which bulb if you are only allowed to enter the room once?

Say you have left (L), middle (M) and right (R) switches outside. If you turn L on, you know that the light that is on in the room corresponds to L. So what about the other two lights?

To answer this you need to think laterally – think about properties of lights. Turn M on for a couple of minutes, then off. Then go in the room, and feel the two light bulbs that are off. The warm one corresponds to M, the cold one to R!

Different ways of thinking lead to different ideas, both creative and unconventional. These are the advantages of one, who thinks “outside the box”.

Answer for rearranging letters:
“A single word”