Quote:
Originally Posted by David Sklansky
Answers seem to be all over the board. Which I believe has real world implications.
And to add one more layer to this question, notice that there is a "playing chicken" aspect to it. Which means paradoxically that if you are trying to maximize your bankroll, you should probably ask for less if the driver is very rich.
Yes, understanding your leverage and value in any business transaction is key. If you don't, you will end up giving away your power. And yes, the more the other party can simply walk away from the deal (scorched earth) the less leverage you have.
I wonder for those saying they would ask for basically 'cost plus', if they saw this guy on a 'tv interview' after and he was retelling this story and said something like 'ya I would have happily paid up to half of the Million, as this was now basically found money to me' (lost but now with a chance to recover) 'but in business you never negotiate against yourself', would they feel a bit taken advantage of?