So there is a lot of market psychology involved in the determinations. 

Feel like this psychologically is letting them know that I am getting less than the buyer is offering.  

Like my stock trading mentor use to tell me all the time nothing beats experience, the correct psychology and the best move can be sitting on your hands. 

Great book that really goes into depth about stock market psychology and some strategies for investing in the stock market.

I lost my mind over this because of psychological trauma from having bedbugs in a hotel room when I was in Nepal and I ended up in the hospital, but that's a story for another day haha.

Had they just sold the property they were psychologically "stuck in", and re-invested, they could have recovered with a 100%+ gain instead of a 50%+.Anways, I don't actually think this is a good strategy for everyone.

Investors are misreading the psychology if they think that having my own personal cash in a deal is going to cause their investment to perform any differently.  

So it's really just psychological comfort vs math. 

While people will almost certainly go above asking, there is likely a psychological effect by setting a price.

This book helped me create a wealth focused mindset and teaches a basic psychology for developing one.