Give some examples of items you own where you feel your PISP would go up by receiving a substantial amount of wealth. Identify some other items for which you feel your PISP would go down. A friend of...

Give some examples of items you own where you feel your PISP would go up by receiving a substantial amount of wealth. Identify some other items for which you feel your PISP would go down.

A friend of yours mentions to you that his PIBP for a shirt is a range of $40 - $50. What argument can you give him to explain it is not wise to have a range for his PIBP?