Lawyers who sue cigarette companies often win astronomical amounts, in part because they have successfully induced juries to anchor on multimillion-dollar figures. Clever negotiators often get amazing deals for their clients by producing an opening offer that makes their adversary thrilled to pay half that very high amount.458 ↱
Nudge
Improving Decisions About Health, Wealth, and Happiness
Richard H. Thaler, Cass R. Sunstein