Edison, the Man: Stock Market Ticket
The buyers bargain for the seller's stock market ticket device. The buyers create an anchor by starting the bid at $20,000. The negotiation takes place, and both parties settle for a price of $40,000. After the negotiation, the buyers indicate that they were willing to pay as much as $60,000 for the invention. The seller then states that he was prepared to sell the invention for a mere $2,000.
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  • 01:17 - 01:18

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