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#253 - George Mack - Mental Models 104 - Bear Or Bull?
Modern Wisdom
The Art of the Deal - Anchoring
In business negotiation, a sort of almost stating. Apparently trump says this lot in the art of the deal. So he'll stat like a price that's super high to begin with,. which means that then when hesfor example, he wants five million, he will stay ten million. Bcause now he's anchored them around ten million. When they barter down to five million, is actual price he's ancored it to. This ten, that they fel lat got a deal, but he's got what he wanted. As if he came in at five, maybe they'd say one. I think george saros s li ose, the huge le people, mental ev
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