Invention I'd Buy: An electric shock collar that zaps me every time I think "I really don't want to lose this deal, we should just pay up."
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Yeah but isn’t wanting to make a deal happen the biggest factor in making a deal happen? Like I bought X and I overpaid but I see so much more value than just the price.
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To "all of a sudden" see more value than your research implies, especially in the face of a revised price, sounds close to insanity. There is a 99.9% chance that an as-good or better deal will come later at a better price, with little forecasting, luck, or wishfulness required.
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Having a check that forces us to pause may prevent us from making a mistake that we later regret. Just because I want to buy company X doesn't necessitate a reassessment of value to conform to my feelings. Only quantitative or obvious qualitative factors can do that.
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Yeah I know what you mean and I definitely agree. I’m just arguing that qualitatively wanting to make the deal should factor in along with the quantitative aspects too. Think Apple buying Next albeit that might be an extreme example.
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