Comments on: Understanding your risk tolerance http://mindyourdecisions.com/blog/2007/08/01/be-true-to-your-own-risk/ Articles on game theory and personal finance Wed, 08 Feb 2012 16:47:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Joe P http://mindyourdecisions.com/blog/2007/08/01/be-true-to-your-own-risk/comment-page-1/#comment-37 Joe P Sat, 18 Aug 2007 15:53:41 +0000 http://mindyourdecisions.com/blog/2007/08/01/be-true-to-your-own-risk/#comment-37 PATRIOTS ROCK! PATRIOTS ROCK!

]]> By: Presh http://mindyourdecisions.com/blog/2007/08/01/be-true-to-your-own-risk/comment-page-1/#comment-22 Presh Fri, 03 Aug 2007 03:54:19 +0000 http://mindyourdecisions.com/blog/2007/08/01/be-true-to-your-own-risk/#comment-22 Good link Rohit. Interesting that there are different categories of refurbished products like demo model or shipping damage. Doesn't cover this category: my friend got a "refurbished" lcd monitor from ebay that had its serial number scratched out... Good link Rohit. Interesting that there are different categories of refurbished products like demo model or shipping damage.

Doesn’t cover this category: my friend got a “refurbished” lcd monitor from ebay that had its serial number scratched out…

]]> By: Avnish http://mindyourdecisions.com/blog/2007/08/01/be-true-to-your-own-risk/comment-page-1/#comment-21 Avnish Fri, 03 Aug 2007 02:04:59 +0000 http://mindyourdecisions.com/blog/2007/08/01/be-true-to-your-own-risk/#comment-21 Absolutely, asymmetric information in the used goods market is a huge reason for erroneous valuation. In fact, one economic argument I've heard has been that if used car markets were efficient, they should always have lemons and no one should therefore buy due to the large discrepancy of information between buyers and sellers. But I was making a joke so that I could use the phrase "woofer crisis" and consequently feel both hip and somewhat ghetto. As you can see, it's worked magnificently. -A Absolutely, asymmetric information in the used goods market is a huge reason for erroneous valuation. In fact, one economic argument I’ve heard has been that if used car markets were efficient, they should always have lemons and no one should therefore buy due to the large discrepancy of information between buyers and sellers.

But I was making a joke so that I could use the phrase “woofer crisis” and consequently feel both hip and somewhat ghetto. As you can see, it’s worked magnificently.

-A

]]> By: RohoMech http://mindyourdecisions.com/blog/2007/08/01/be-true-to-your-own-risk/comment-page-1/#comment-20 RohoMech Thu, 02 Aug 2007 21:54:08 +0000 http://mindyourdecisions.com/blog/2007/08/01/be-true-to-your-own-risk/#comment-20 Avnish, the point of that story is about the condition of the open-box item. It was really a new item that was missing a fuse, so in terms of reliability etc, it should work just like a new one. But, the buyer does not know these things, if there was a way to find out (people describe how they used their items on sites like ebay) then the price and trust placed in the item can both increase. Avnish, the point of that story is about the condition of the open-box item. It was really a new item that was missing a fuse, so in terms of reliability etc, it should work just like a new one.

But, the buyer does not know these things, if there was a way to find out (people describe how they used their items on sites like ebay) then the price and trust placed in the item can both increase.

]]> By: Avnish http://mindyourdecisions.com/blog/2007/08/01/be-true-to-your-own-risk/comment-page-1/#comment-19 Avnish Thu, 02 Aug 2007 21:45:31 +0000 http://mindyourdecisions.com/blog/2007/08/01/be-true-to-your-own-risk/#comment-19 RohoMech, huh? Time seems to be standing still. And that woofer situation sounds a lot like social security. Only they'd have to take out two fuses to fix every one defective woofer thus ensuring a woofer crisis in 2028. -A RohoMech, huh? Time seems to be standing still.

And that woofer situation sounds a lot like social security. Only they’d have to take out two fuses to fix every one defective woofer thus ensuring a woofer crisis in 2028.

-A

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