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lessdazed comments on Bayesian Reasoning Applied to House Selling: Listing Price - Less Wrong Discussion

1 Post author: byrnema 26 August 2011 11:43PM

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Comment author: lessdazed 27 August 2011 07:45:35AM *  1 point [-]

the two poker games of the final negotiations of the sale.

That's not the only way to think about negotiation and it's quite often not the best one.

I would be happy to sell the house for +5%, covering real estate fees and new flooring we put in.

I don't think you can say that for sure until you know about a place to move into.

Comment author: byrnema 27 August 2011 11:41:27AM 0 points [-]

I don't think you can say that for sure until you know about a place to move into.

Why do you say that? The extra information would be the price of my next house, or whether I'm able to find it, etc?

Comment author: lessdazed 28 August 2011 08:34:39PM 0 points [-]

Yes, you want to trade the present house for a new house and money. Saying you'll be happy with a certain sale price that's pegged to the purchase price and unrelated to the cost of a new home sounds like loss aversion and the sunk costs fallacy.

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