World is Falling Apart Thread (Locked forever)

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RCBH928
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Re: So the whole world is kind of falling apart...

Post by RCBH928 »

alienjesus wrote:
RCBH928 wrote: So it makes sense, because I thought its legal to own a gun in UK just like it is in America.
Nope, we're very anti-guns here. I actually find the gun culture of America quite scary: http://en.wikipedia.org/wiki/Gun_politi ... ed_Kingdom
Well this explains a lot... we used to be a British colony really until 1971 and guns are extremely banned. You can't even bring in a combat knife, I guess the Brits passed this law on to us.

But thank god we got rid of that left lane driving rule :lol: :lol:
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Re: So the whole world is kind of falling apart...

Post by dsheinem »

Luke wrote:You'll hear "Best selling" in a lot of car adverts. "Best selling" is not quantitative, qualitative, nor categorical. It's saying "this car sells the best".
I thought "best selling" was typically quantitative, meaning that the thing in question had at one point been on a list of things with the most amount of inventory moved (e.g. a game that appears somewhere on a best-seller list, a novel that moves more copies than others by the same artist, etc.). I get what you are saying, but typically the invocation of "best selling" does have some kind of statistical referent. For cars it may be the best selling model for the company for the year, the best selling car in its class, etc.
Luke wrote:A there is no thing as "50% OFF!"
Why is there no such thing as "50% off"? Again, that often connotes a reduction in retail price over standard rates (e.g. MSRP). If I buy a $60 game on release day and use a 50% off coupon, I am only spending $30. Now perhaps the retailer isn't actually taking a 50% hit on the sale, but that doesn't change the fact that it is in fact a deal for half price.
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Re: So the whole world is kind of falling apart...

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Libya migrants: Hundreds feared drowned in Mediterranean


The harsh realities of this world are a rich source for perpetual cynicism.
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Re: So the whole world is kind of falling apart...

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Image

Those traffickers ought to be skinned alive.
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Luke
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Re: So the whole world is kind of falling apart...

Post by Luke »

dsheinem wrote: I get what you are saying, but typically the invocation of "best selling" does have some kind of statistical referent. For cars it may be the best selling model for the company for the year, the best selling car in its class, etc.

Why is there no such thing as "50% off"? Again, that often connotes a reduction in retail price over standard rates (e.g. MSRP). If I buy a $60 game on release day and use a 50% off coupon, I am only spending $30. Now perhaps the retailer isn't actually taking a 50% hit on the sale, but that doesn't change the fact that it is in fact a deal for half price.
Next time you see "Best selling author" or "Civic, the best selling car in America" look for asterisks. You'll find more often than not, there are none. Of course the key words you are looking for is "Based on".

6 x .5 = 3. Not difficult. But marketing concepts in pricing theory say that if that 6 was based on a pricing model with the number 12 than you really aren't getting 50% off. You are getting 50% off an arbitrary msrp. So if I go to Gamestop and buy a $60 game at half off, and pay $30, but Joe's game shack has the exact game selling at $30, I only received what was perceived to be a game at half price.

And again, this is all based on theory. Mathematically, yes, you pay half of the sticker price, but that sticker price was put there to make you think 50% off is a deal.
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Re: So the whole world is kind of falling apart...

Post by marurun »

Luke wrote:And again, this is all based on theory. Mathematically, yes, you pay half of the sticker price, but that sticker price was put there to make you think 50% off is a deal.
This kind of thing is especially common in furniture stores and men's suit stores. The items are never, or almost never, sold at the listed price. The list price only serves the purpose of creating an impression in the mind of the buyer that they are getting a deal. If a furniture store claims to sell everything in the store for at least 25% off, but some of the furniture lines are unique to their store, than the list price means nothing, because the most you will ever pay for that item is 25% less than the listed price. If a suit store always give you a free suit of equal or lesser value when you buy a suit at "list price", the list price of the suit you are paying for is actually the price for two suits, unless you are an idiot and refuse to accept a free suit (although if alterations for fit are expensive, I supposed there could be a case to be made, depending).
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Luke
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Re: So the whole world is kind of falling apart...

Post by Luke »

marurun wrote: The list price only serves the purpose of creating an impression in the mind of the buyer that they are getting a deal.
Yup. Possibly the main marketing concept on price theory is to make people they are "saving money" by "spending money". And obviously if you are spending money, you aren't saving it. And of course perceived value plays a lot into that.

My favorite sales tactic comes from JoS. Bank. "Buy one suit, Get Seven for FREE! All men's dress shirts, buy two, get five for FREE!"
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Re: So the whole world is kind of falling apart...

Post by samsonlonghair »

Luke wrote:
dsheinem wrote: I get what you are saying, but typically the invocation of "best selling" does have some kind of statistical referent. For cars it may be the best selling model for the company for the year, the best selling car in its class, etc.

Why is there no such thing as "50% off"? Again, that often connotes a reduction in retail price over standard rates (e.g. MSRP). If I buy a $60 game on release day and use a 50% off coupon, I am only spending $30. Now perhaps the retailer isn't actually taking a 50% hit on the sale, but that doesn't change the fact that it is in fact a deal for half price.
Next time you see "Best selling author" or "Civic, the best selling car in America" look for asterisks. You'll find more often than not, there are none. Of course the key words you are looking for is "Based on".

6 x .5 = 3. Not difficult. But marketing concepts in pricing theory say that if that 6 was based on a pricing model with the number 12 than you really aren't getting 50% off. You are getting 50% off an arbitrary msrp. So if I go to Gamestop and buy a $60 game at half off, and pay $30, but Joe's game shack has the exact game selling at $30, I only received what was perceived to be a game at half price.

And again, this is all based on theory. Mathematically, yes, you pay half of the sticker price, but that sticker price was put there to make you think 50% off is a deal.
Luke wrote:
marurun wrote: The list price only serves the purpose of creating an impression in the mind of the buyer that they are getting a deal.
Yup. Possibly the main marketing concept on price theory is to make people they are "saving money" by "spending money". And obviously if you are spending money, you aren't saving it. And of course perceived value plays a lot into that.

My favorite sales tactic comes from JoS. Bank. "Buy one suit, Get Seven for FREE! All men's dress shirts, buy two, get five for FREE!"
I pulled this exact same schtick last week. I had a framed photograph priced at $75, but no one was buying. I put up a new price tag that said $150 %50 off. It sold the same day. Customers like to feel that they're getting a good deal.

We had a thread last year called, "the pseudoscience thread" wherein I caught a bit of flack for asserting that I don't believe in statistics.
http://www.racketboy.com/forum/viewtopi ... 2&start=35
People who work in the field of social science hate it when I say that.
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marurun
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Re: So the whole world is kind of falling apart...

Post by marurun »

samsonlonghair wrote:We had a thread last year called, "the pseudoscience thread" wherein I caught a bit of flack for asserting that I don't believe in statistics.
http://www.racketboy.com/forum/viewtopi ... 2&start=35
People who work in the field of social science hate it when I say that.
I think it's really anyone with any scientific fluency who hates when you say that, not just the social scientists.
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Re: So the whole world is kind of falling apart...

Post by samsonlonghair »

marurun wrote:
samsonlonghair wrote:We had a thread last year called, "the pseudoscience thread" wherein I caught a bit of flack for asserting that I don't believe in statistics.
http://www.racketboy.com/forum/viewtopi ... 2&start=35
People who work in the field of social science hate it when I say that.
I think it's really anyone with any scientific fluency who hates when you say that, not just the social scientists.
Yep. Every time I say it someone implies that I don't understand science just because I don't have any faith at all in statistics. I have plenty of scientific fluency thank you very much. I also have enough skepticism to know better than to believe statistics.
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