| The dealer should never sell for less than $50, and I should never buy for more than $400, but any value in between would benefit both of us. |
The range is not wrong from just the dealer’s perspective. If the exact same table is on sale at the store next door for $10, then the buyer is still making a poor decision buying it for $50 with the first dealer. Of course, if we are talking that in this bargaining game, there is only one seller of tables in the world, and only one buyers, I guess this does not apply.
Of course, maybe the buyer would be better off rethinking how much he values the classiness a new table would bring to his dining room.
| The dealer should never sell for less than $50, and I should never buy for more than $400, but any value in between would benefit both of us. |
The range is not wrong from just the dealer’s perspective. If the exact same table is on sale at the store next door for $10, then the buyer is still making a poor decision buying it for $50 with the first dealer. Of course, if we are talking that in this bargaining game, there is only one seller of tables in the world, and only one buyers, I guess this does not apply.
Of course, maybe the buyer would be better off rethinking how much he values the classiness a new table would bring to his dining room.