- BidWix’s a fast, fair way to agree on a price ➶
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Chloe just opened a small bakery and needs a logo. Ben is a freelance designer whose work she loves. But how much should a logo cost? Neither wants to go first.
Ben’s absolute minimum for the work is $100. Chloe could stretch to $900 if she absolutely had to. That’s her honest maximum.
They use BidWix to each submit their true limit price in secret.
Result: $300.
Ben earns three times his minimum. Chloe pays a third of what she feared. Both gained by the same factor, so both feel equally happy about the deal they made.
That’s the geometric mean at work. No awkward back-and-forth — just a fair price, found in one step.
Made by MyNoise.net’s Stéphane Pigeon, who’s also written some interesting thought experiments about the concept.
I haven’t used it, yet, but if you want to hire me, we can try it together and see.
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Possibly Related:
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- What “Follow Your Dreams” Misses
- Phyllotaxis
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Prior entry: The Truman Show