Quote:
Originally Posted by oldjudge
Peter--I think the reason is that making the first move conveys information to the other party. If one is willing to sell an item for $X but the potential buyer indicates he is willing to pay $X+ then the seller has been advantaged by not making the first move. The same is obviously true if the seller shows an offer before the buyer has bid.
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True, but if no one makes the first move, nothing gets sold.