Integrative questions

1)    What is the auction hybrid site that is the combination of eBay, woot, and slot machine?

The auction hybrid site that is the combination of eBay, woot, and slot machine is Swoopo.com.

2)    How does swoopo.com works?

First, you purchase bids in at least 30 cents. Each bid costs a person around 75 cents.

Second, each bid raises the purchase price by 15 cents and increases the auction time by 15 seconds.

Last, once the auction ends, you pay the final price.

3)    How does Swoopo.com be a bad idea?

If you bid too many times on an item, you'll end up paying the purchase price in bids alone.

4)    Why can’t a person make a strategy to bid in a few times?

A person can’t bid in a few times or in the end of the auction since the auction is extended only 15 seconds each and every time someone bids in those final seconds.

5)    What is the effect called when it sometimes leads to irrational decision making?

It is called endowment effect.

6)    How does endowment affect people?

Instead of doing the rational thing and walking away from a bad investment, you pour more money in, sending good money after bad.

7)    What are the other things that Swoopo.com offers?

Penny auctions, FreeBids auctions, 100% off auctions, Cash auctions,

8)    How does Swoopo.com buys and ship his item?

They appear to sell first, then use the money they gain from the completed auction to buy and ship the item.

9)    Why can’t we stop people to try swoopo.com?

You can't stop people from endowment effect because when they have the chance, however small it may be, to win a $2,000 television for $80 -- while collectively sending the house $10,000 or more.

10) How can we stop this illegal thing?

We can stop this thing by not playing at all.

Questions:

1)    If you were asked to program this example, would you do it? Why?

            If I was asked to program this example, I would not do it because I believed that as a programmer you have the law/rule to program systems which is for the benefits of people and not by the company or only you alone. I will not gain money from people just by doing programs that acted like an evil thing. Even though the company gives me money for that program, still it is my moral duty not to hurt other people as a Catholic.

2)    Is it right to program this example? Why?

            It is not right to program this example because according to our moral duty, we must not hurt other people. Swoopo.com is a program that makes people become poor and not by helping them to gain money to it. There are other applications that a programmer can do that can help many people.