A couple on their honeymoon were faced with a dilemma. They were just married and were ready to board a flight to their honeymoon destination. But their flight was oversold and the airline, Delta, needed a few people to voluntarily give up their seats. They offered $1,000 per person but no one took them up with the offer. The price steadily rose until it hit $2,500 per person.
What should this young couple do? If they take the money, they will miss one day of their honeymoon giving up their plans and losing the cost of one night on their honeymoon. On the other hand, they will receive $5,000 for this inconvenience and they will be booked on a flight the next day.
When I was younger, I gave up my seat for a much lower price for that inconvenience but not on my honeymoon. Most people commenting on their story agreed that they should take the money and run so long as they did not miss out on their entire honeymoon (if they booked a cruise ship and they would miss the departure and the entire cruise due to this delay).
The real question is what price would you give up your plans for? We all have a price!
This reminds me of an old story about man who asks a girl if she will sleep with him for a million dollars. Of course, she says yes. He then offers her two dollars and she slaps his face, saying, What do you think I am? He answers, I know what you are. We are just haggling over the price.
I believe my price is lower than $2,500 a person. How about You?