Theory of retrospective return
theory of retrospective return; when one purchases a good from an auction, online or not, in the view that should the person ever require that item in the future, he quite possibly purchased it at a price well below market or retail price. therefore making a retrospective return.
james buys 65 fun size garden gnomes because they were only $15 in an online auction. several weeks later, james is held hostage and his captors demand 65 fun size garden gnomes. fun size garden gnomes retail for $2 each. the theory of retrospective return demonstrates that james made a return of $115.
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