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b2f50afe — Derek Sivers ArtistData is gone 4 months ago
                                                                                
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<title>How will this game end? | Derek Sivers</title>
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<h1><a href="/" title="Derek Sivers">Derek Sivers</a></h1>
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<header>
<div class="blogparent">from the book “<a href="/n">Hell Yeah or No</a>”:</div>
<h1>How will this game end?</h1>
<small>2014-02-06</small>
  <audio src="https://m.sive.rs/sive.rs.game.mp3" preload="none" controls="controls"></audio>
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<p>
	Imagine that I’m going to auction a $100 bill.
	The bidding starts at $1.
</p><p>
	The regular rules of auctions apply with one change: if you are the second-highest bidder, you don’t get the $100 bill but you still have to pay what you bid. 
	OK?
	Go.
</p><p>
	I get bids for $1, $2, $3.
	Why not?
	Someone might win $100 for only $3!
	But the bids keep coming.
</p><p>
	Once they get to $99, the person offering $98 thinks, “Uh oh. The other person isn’t backing down.”
	They raise their bid to $100, so as not to be the second-highest bidder and lose it all.
</p><p>
	But now the person offering $99 raises their bid to $101.
	Better to lose only $1 than $99, right?
	Soon they’re offering me well over $100 to buy a $100 bill, just hoping the other person quits first.
</p><p>
	The real problem was not thinking it through in advance.
</p><p>
	When the game starts, it’s easy to think short-term and say, “Ooh! Good deal!”
	Then when it’s too late, you slowly realize, “Uh-oh. What have I done?”
</p><p>
	A lot of people get into bad life situations this way.
	A homeowner buys a house at the top end of their budget.
	A romantic falls for someone who’s already in a relationship.
	Later they complain about how they’re so in debt, or their sweetheart is cheating.
</p><p>
<strong>
	Before you start something, think of the ways it could end.
</strong>
	Sometimes the smart choice is to say no to the whole game.
</p>

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© 2014 <a href="https://sive.rs/">Derek Sivers</a>.
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