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Subject Author Date
How much to charge? Michael Bulatovich 05-22-2007
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Posted by Edgar on May 23, 2007, 5:47 pm
>
>> http://www.sciam.com/print_version.cfm?articleID=7750A576-E7F2-99DF-382
>> 4E0B1C2540D47
>>
>>
>>
>
> "the game's logic dictates that 2 is the best option"
>
> Why? Who decides that is the "rational" choice?
>
> FIrstly, the situation is flawed because it assumes that both people will
> have gone to the same appraiser, and wilol have done so at a certain ebb
> or
> flow of the market. If the market is such that epople are paying top
> dollar for the item, then the appriasal will be higher.
>
> But, if Person 1 has the appraisal done during a strong market, and person
> B has the appraisal done in the middle of an economic slump which creates
> a
> slow/weak market, the appraisals will differ.
>
> Which in turn brings into play the possibility that one person might
> actually give what s/he considers to be an honest appraisal, simply
> because
> there is no way of predicting with any certainty what the other person
> would do.
>
>
> IMO, (and FWLIW) the game's logic is flawed, because there is no info re:
> the estimated proce of the item. The game asks for a choice based upon
> nothing. IMO, that's just stupid.
>
>

It also assumes that people would try and trounce the other person for 2
measly bucks, LOL.

--
Edgar



--
Posted via a free Usenet account from http://www.teranews.com


Radiant Heat 468x60
Posted by Warm Worm on May 25, 2007, 4:02 pm
wrote:
>
>
>
>
>
> >>http://www.sciam.com/print_version.cfm?articleID=7750A576-E7F2-99DF-382
> >> 4E0B1C2540D47
>
> > "the game's logic dictates that 2 is the best option"
>
> > Why? Who decides that is the "rational" choice?
>
> > FIrstly, the situation is flawed because it assumes that both people will
> > have gone to the same appraiser, and wilol have done so at a certain ebb
> > or
> > flow of the market. If the market is such that epople are paying top
> > dollar for the item, then the appriasal will be higher.
>
> > But, if Person 1 has the appraisal done during a strong market, and person
> > B has the appraisal done in the middle of an economic slump which creates
> > a
> > slow/weak market, the appraisals will differ.
>
> > Which in turn brings into play the possibility that one person might
> > actually give what s/he considers to be an honest appraisal, simply
> > because
> > there is no way of predicting with any certainty what the other person
> > would do.
>
> > IMO, (and FWLIW) the game's logic is flawed, because there is no info re:
> > the estimated proce of the item. The game asks for a choice based upon
> > nothing. IMO, that's just stupid.
>
> It also assumes that people would try and trounce the other person for 2
> measly bucks, LOL.

And then there's fuzzy logic.


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