Reciprocation bias and watch collecting

Authorised dealers can sometimes act like you owe them something more than the retail price of a watch, simply for being allocated the watch. I figured we could talk about this in more detail, and consider how the reciprocation bias comes into play.

Doing the work required to have an opinion

As Rabbi Moses ben Maimon (1135–1204), commonly known as Maimonides, said: “Teach thy tongue to say I do not know, and thou shalt progress.” I have previously written about many of our biases when it comes to watches, and thought I’d share another take on the matter. Many of us hold an opinion on watches and watch collecting, but how many put in the relevant work required in order to have this opinion?