Position

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Position

Postby The management » Wed May 18, 2005 9:48 pm

A position is a set of proposals made by a party as to the agreement parties should come to. In it, the party offers to accept any future that meets its proposals; hence, a position column contains all such futures. It's represented on an options board by a column headed by an abbreviation of the party’s name, in which the adopted or rejected options are those it has taken a position on, and the left-open ones are those where it's willing to accept adoption or rejection.

A position should be minimal—ie, include only proposals it's clear the party would not readily give up for the sake of reaching an agreement. If not minimal, it isn't seen as the party’s real position; its effective position will be its minimal position—as in the case of a naïve seller who says “I’m hoping for at least $100â€
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