Earlier quoted context omitted.
I'm not confusing two sales concepts - you are. I don't know much about 'first to talk', but my limited understanding is that it means just that (the person who engages first in a negotiation comes out worse). Anchoring is about setting the parameters of the negotiation - you don't need to speak first. >>In negotiations, anchoring refers to the concept of setting a boundary that outlines the basic constraints for a n…
Anchoring might work if there wasn't an information asymmetry dynamic at play. But companies have way more data on salaries than applicants do. If you anchor too high, they'll just pass since they know what others are paying and know you won't get that elsewhere. If you anchor too low, the negotiations will be win-win for them. When I was hiring and someone came in too low, I'd often offer well above their anchor sin…
1 - With no asymmetry both peers would have a value anchored before negotiations start.