[bamfly]

You're taking the very much not-universally-shared position that concealing something you know would make a big difference counts as "honest".

[EDIT] I retract the "circular" claim—you're right that it's not that, it's the definitions of "lying" and "honest" that are making the difference.

[s1artibartfast]

I think you succinctly summed up the Crux of it. The kind of begs the question of what information is relevant. When I apply for a job, I certainly don't tell the recruiter the minimum salary I would accept. When I negotiate for a house, I don't tell them my maximum theoretical offer. These information asymmetries obviously benefit me at their expense.

When I buy a 20 cent bolt for my car, I don't tell them that it's worth $20,000 to me because my car won't run without it