ELI5: Explain Like I'm 5

Willingness to accept

When you have something that you own, like a toy or a piece of candy, you like it and you don't want to give it away unless you get something in return. Willingness to accept is when you decide how much you need to get in return for giving away something that you own.

For example, if you have a toy that you like a lot, you might say that you need two stickers to give it to your friend. This means that you are willing to accept two stickers in exchange for giving away your toy.

You can also use willingness to accept for jobs or other things that you do. For instance, if you mow your neighbor's lawn, you might want to be paid five dollars for your work. This means that your willingness to accept is five dollars for the job.

Overall, willingness to accept is when you decide how much you need to get in exchange for giving away something that you own or doing a task or job. It's important to know what your willingness to accept is so you can make fair trades and get what you deserve.