Alicorn comments on Bargaining and Auctions - Less Wrong

29 Post author: Yvain 15 July 2012 05:01PM

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Comment author: tgb 17 July 2012 02:03:07AM 10 points [-]

I do agree that this introduces the BATNA situation later - but that's so general that I actually can't think of any reason that isn't considered "BATNA" for why the dealer should never accept less than $50. Maybe I just need to open up to more creative situations: the Mafia mob wants to keep table prices up and so threaten to shoot him if he sells it for less than $50; or the government decides that a fixed Table Tax was necessary so that each table was taxed $50 regardless of the price it was sold at; or he wants to signal that his goods are of high quality and so considers any price less than $50 to be too low for his store. Okay, on second thought this has turned into a pretty good example of why I should never say "I can't think of any examples" without at least first trying to think up some examples.

Comment author: Alicorn 17 July 2012 06:44:53AM 3 points [-]

Okay, on second thought this has turned into a pretty good example of why I should never say "I can't think of any examples" without at least first trying to think up some examples.

Upvoted for this.