The psychology behind offering first
Someone has probably asked you to "offer" before in trade. The question seems innocuous enough, and you offer a price. He haggles, eventually reaching a price lower than what you hoped for. Two days later, somebody has a cool piece of gear you want to buy. This time, you ask him to offer first. He refuses. You decide to offer first, and eventually reach a price, again not what you had hoped for. Why does it seem that offering first has disadvantages? It's the same as offering second, right?
Wrong. Let's stipulate that you're selling an item. Someone trades you. You offer. By offering first, you are providing your "top" price. If you offer something too high, then traders will simply cancel. As a result, as the first offerer, you have to compromise between not overpricing and getting an eventual fair price. On the other hand, the prospective buyer knows what price range you are looking for. If you overprice, the trader cancels. If you give a fair price, the trader haggles and shaves 20% off the price. As a result, you are forced to sell at lower than expected.
Offering second also gives traders another advantage. Merchants who were planning to lowball you can now do so without revealing themselves. They simply wait for you to say what price they'd be willing to sell for, then cancel if it's too high.
Conclusion: Dual blades are assholes and deserve to go to hell.
10 Comments • Newest first
Did I miss something...? What does this have to do with Dual Blades? o.o
You can solve this by making up a C/O. The other person can't offer lower or he/she simply just wont buy it.
I actually learned about this in Micro econ theory.
Its called the edgeworth box diagram for exchange.
You're actually a girl? Or am I missing something
This was the guy who made the DB guide.
I'm still loling. +1
Or, you could simply just sell your items in a shop, never having to offer first
Successful merchants know this is how to make a profit.
An example of when offering second works so well.
If someone is somewhat new to the game and you tell them to name a price, let's say it's a tyrant gear. I'm being completely unrealistic here, but if let's say the new player that doesn't know the price of Tyrants had to name a price first.. he could simply say 10M. Now, if the merchant wants to haggle down further from that.. he can.. he can probably pull 8M.
@vi3tGirlv58: You need to see a doctor.
this is common sense
i agree on your conclusion