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Look before you leap. Then look again.
The Twenty-Dollar Bill Auction


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The Twenty-Dollar-Bill Auction
Harvard negotiation expert Max Bazerman auctions off twenty-dollar bills. The rules are clear, the bills are ordinary, and there are no tricks. Yet he once earned $407 for a single twenty-dollar bill, and over a decade he took in profits of over $20,000.
There’s a lot to be learned about human behavior and organizational
foolishness from Bazerman’s auctions.

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