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0 pointsconradludgate3y ago0 comments

If the kids didn't buy at the time, that means they didn't buy them before when the tickets were more expensive. Which means that also wouldn't be interested in buying the more expensive scalped tickets either.

Put into context: Tickets are $30 - kid doesn't buy them next day Tickets are $29 - scaler buys them before the kid

The kid has already decided that $30 is too much. For the resale to be worth it, it would need to be more than $1 gains, but that is more than the kid has already associated the value to be

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Cederfjard3y ago

What if the kid passes at $30 because money is tight, they’d prefer to pay $20 and want to try for that, but scalpers snatch up all the cheapest tickets before the kid is able to. The kid still really wants to go, however, and is willing to actually pay the scalper up to $40 when push comes to shove, even if it hurts a bit?

Or if they weren’t organized enough or able to commit to going early on, but still have the purchasing power to pay a higher price?

aetherson3y ago

Then they learned a valuable lesson?

I mean, this seems like a low stakes operation. Nobody on their deathbed is like, "If only that Taylor Swift ticket had cost $10 less."

Cederfjard3y ago

See my response to your sibling comment.

mhb3y ago

Yeah, the price/time algorithm for the auction can't accommodate every single kid's temporal and financial idiosyncracies. Compared to what?

Cederfjard3y ago

I was mostly asking because the explanation in the parent comment seemed overly simplistic, and to indicate that this approach would destroy the scalpers’ business model entirely. I’m totally open to the idea that this is a good solution that would improve on the status quo.

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Cederfjard3y ago

Or if they weren’t organized enough or able to commit to going early on, but still have the purchasing power to pay a higher price?

aetherson3y ago

Then they learned a valuable lesson?

I mean, this seems like a low stakes operation. Nobody on their deathbed is like, "If only that Taylor Swift ticket had cost $10 less."

Cederfjard3y ago

See my response to your sibling comment.

mhb3y ago

Yeah, the price/time algorithm for the auction can't accommodate every single kid's temporal and financial idiosyncracies. Compared to what?

Cederfjard3y ago

j / k navigate · click thread line to collapse