Let me tell you about a game that will change your life. It explains something you do every day without realising it, and it has profound implications for your personal success.
Here’s the game. Max Bazerman is a Harvard Business School professor. In some of his lectures, he shows a $20 bill and invites students to bid for it, with the opening bid set at $1. There are three rules: there can only be one winner, bids must increase $1 at a time, and the runner-up must, as a penalty, hand over an amount equal to their last unsuccessful bid and get nothing for it.