Yes, there is no doubt. If we were speaking of insect stings, for example, a three and a five are quite different in pain. However, without any idea for an upper limit that does give us far less information to work with both in price structure and in gains.
Since there is a spread of us that allows for . . . 1 2 3 4 5 1-5 2-4 3-3 4-2 5-1 and 1-5 2-4 3-1 4-2 5-3 as possible distributions for information gathering.
A more cautious approach should still include a 1 for base anchoring, I believe.
Re: DISCUSSION
Since there is a spread of us that allows for . . .
1 2 3 4 5
1-5 2-4 3-3 4-2 5-1
and 1-5 2-4 3-1 4-2 5-3 as possible distributions for information gathering.
A more cautious approach should still include a 1 for base anchoring, I believe.