Originally Posted by
STS-134
If you are going to undercut me at $850, then what you should do is TELL ME your price. Both of us hold out so the airline is forced to give $900, they pay you $900, and you keep between $850-900 and give me somewhere between $0-50. A fair price, I think, is to split it in half. You keep $875 and stay behind with an extra $25, and I go on my way with an extra $25. See how that works?
Are you assuming everyone must tell the truth? I believe it can happen in Utopian International Airport. Don't forget that you cannot make a contract even if you want. There is no consideration from you.
You do not know me. I do not know you either. How can I rest assured that you won't undercut me or keep a promise? If I am telling you my true bottom line ($850 in your example), how do I know if you will go to the gate and say you will beat me by $0.01?
Welcome to Earth, my new friend from Utopian.