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Eventually, the two lines cross.
This is where you might predict the selling price of the car to be.
To continue with this over-simplified example,
suppose that the dealer would make a $500 concession
every 20 minutes, whether you made any concessions or not.
Review Question #3: | ||
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You can
use your opponent's predictability (a $500 concession every 20 minutes)
to get a better price. How? |
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Make larger concessions (e.g, $700) and make them faster (e.g., every 15 minutes). |
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Make larger concessions (e.g., $700) but make them slower (e.g., every 30 minutes). |
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Make smaller concessions (e.g., $300) but make them faster (e.g., every 15 minutes). |
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Make smaller concessions (e.g., $300) and make them slower (e.g., every 30 minutes). |
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