Understanding Coin Flip Negotiations

The video involves a negotiation over the price of a Fairmont ice cream sign, where the seller and buyer engage in a coin flip to determine the final price. The buyer shares his past experiences with flipping coins, highlighting his luck. The discussion then shifts to a clean restroom sign, with another negotiation and coin flip to settle on a price. The video emphasizes negotiation tactics and the role of chance in decision-making.

Where was the Fairmont ice cream sign originally made?

• Minneapolis, Minnesota

• Fairmont, Minnesota

• Duluth, Minnesota

• St. Paul, Minnesota

What was the initial asking price for the ice cream sign?

• $350

• $300

• $800

• $400

What was the final agreed price if the coin flip resulted in heads?

• $400

• $300

• $350

• $450

How many times did Mike claim to have lost the coin flip previously?

• Three times

• Once

• Five times

• Seven times

What was the seller's experience with flipping coins?

• He won all seven flips

• He lost all flips

• He won three flips

• He never flipped before

What is unique about the clean restroom sign?

• It is double-sided

• It is a neon sign

• It is from Fairmont

• It is made of porcelain

What was the initial offer for the clean restroom sign?

• $400

• $450

• $500

• $350

What was the seller's reasoning for wanting a profit?

• To save for a vacation

• To buy gas and groceries

• To invest in more signs

• To pay off debts

What was the final price if the coin flip resulted in heads for the clean restroom sign?

• $500

• $350

• $400

• $450

What was the seller's final offer if he won the coin flip for the clean restroom sign?

• $500

• $350

• $400

• $450