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It feels like there's some value in disclosing that's greater than the risk of leaving money on the table if the other groups behave as expected, but I can't pu
by bulatb 9y ago
It feels like there's some value in disclosing that's greater than the risk of leaving money on the table if the other groups behave as expected, but I can't put my finger on it. Maybe just one of those economic fallacies.
- otakucode 9y agoWhoever says a number first loses. That's some piece of wisdom that I don't recall the source of, but I believe it addresses what you're feeling.
- bulatb 9y agoI think it's the opposite: it feels like this law might create an incentive for certain people to go first and thereby change the meaning of not going first for everyone else. But I can't support it, so I'm probably wrong.
- user5994461 9y agoAn incorrect meme.
- maxxxxx 9y agoI hear that all the time but I have had decent success by giving a high number first. I have never had a company offer more than I expected.
- conanbatt 9y agoNot true. It goes against price anchoring. Lowballing is as much risk as highballing for eiter side.