If you’re willing to pay $2M for a thingamabob, then 1% more is $2.02M. By your theory you’d thus be somewhat stingy not to be willing to pay $2.02M for it.
So, now you’d be willing to pay $2.02M for a thingamabob and, again, you’d thus be somewhat stingy not to be willing to pay $2.0402M for it.
So, now you’d be willing to $2.0402M for a thingamabob…
Who sets the base at $2M? You do. But that was only shortly after you realized you were willing to pay $1.980198M for that thingamabob…
