fortyeridania comments on Bargaining and Auctions - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (70)
Perhaps, but I doubt it. It becomes more important later--when it's time to re-stock. That's whent the dealer should think, "Let's see, I bought the last table for $50 and sold it for $40. This time I won't buy for more than $50."
In other words, it should affect the dealer's bargaining with her own dealer, not with the buyer.
Edit: I changed the last word in the previous sentence from "seller" to "buyer."