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CellBioGuy comments on Open thread, 24-30 March 2014 - Less Wrong Discussion
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Facebook bought Oculus Rift for $2 billion. What makes this, and so many other large deals, such clean numbers? Are the press rounding the details? Are the companies only releasing approximate or estimate numbers? Can the value of a company like Oculus really not be estimated to the nearest 10%? Or do these whole numbers just serve as nice Schelling points on which to hinge a bargain? Or am I forgetting lots of ugly-numbered deals?
(WhatsApp purchase was 2 significant figures, and this list on Wikipedia does show mostly 2-3 significant figures though some figures are probably converted from other currencies.)
What makes you think that these numbers are determined by some kind of rational cost-benefit analysis rather than those with the money rattling off numbers until those with the property give in?