As soon as I saw that I rolled my eyes since it's something I'm used to seeing back on /a/ lmaoSeriously, what an embarrassing start for a thread. Stopped and left the thread after reading those first 3 words.
No, no, no, no, no. My preferred price is the negative price: I get paid to use your product.Cope and seethe because I'm correct. Both sides will always seek to maximize their outcome. I will always seek to pay the lowest price possible, producers of goods will always charge the max they can. Depending on market conditions that price might be closer to the consumer's prefered price (which is $0) or the producer's preferred price. Since gaming is a very competitive market, the prices have generally been deflationary and haven't even kept up with inflation. The GPU market on the other hand is a good example of what an uncompetitive market can look like.
"Greed" doesn't explain anything because we are all outcome maximizing all the time, therefore it cannot explain changes in price.
Both sides will always seek to maximize their outcome.
"Greed" doesn't explain anything because we are all outcome maximizing all the time, therefore it cannot explain changes in price.
Fuck it, let's gold the OP for a starter.
Cope and seethe because I'm correct. Both sides will always seek to maximize their outcome. I will always seek to pay the lowest price possible, producers of goods will always charge the max they can. Depending on market conditions that price might be closer to the consumer's prefered price (which is $0) or the producer's preferred price. Since gaming is a very competitive market, the prices have generally been deflationary and haven't even kept up with inflation. The GPU market on the other hand is a good example of what an uncompetitive market can look like.
"Greed" doesn't explain anything because we are all outcome maximizing all the time, therefore it cannot explain changes in price.
What type of greed is it if I refuse to buy?
The post writes itself.
Can you elaborate on how price gouging in a hypercompetitive market like gaming would be sustainable? If you overprice your product, customers will opt for a different product in a market with an abundant supply of viable products.And the way in which they do this can be described with a variety of adjectives. "Pricing competitively" and "price gouging" are both ways to maximize revenue, but the contexts among both actions are very different, and "greed" can more accurately describe one than the other.
No it doesn't. Greed explains fuck all because everybody's greed is at a max at all time. If two producers produce a game and one prices it at $20 and the other at $25, then the latter isn't greedier. The reason why they're pricing their product higher than their competitor are market considerations and market strategy. Both market actors want to maximize their outcome at the same rate.It explains the "why" and "how" of the changes in price.
If a company engages in anti-consumer practices like price gouging, or blocking out competitors, or other monopolistic actions in order to artificially inflate prices, that's "greedy".
This is meaningless Twitter-speak. You're not saying anything.If a consumer is merely just existing and looking to buy a product in what should be a free and fair market, that's not "greedy", it's "normal". However, if a consumer decides to steal content via piracy or physical theft, then that would be a more equivalent characterization of "consumer greed". Pretending that anti-consumer practices and normal shopping habits are two sides of the same coin is a flawed comparison.
I mean I wish I had one that says multi-trillion.That was golden
So what's your proposed theoretical solution for this?Cope and seethe because I'm correct. Both sides will always seek to maximize their outcome. I will always seek to pay the lowest price possible, producers of goods will always charge the max they can. Depending on market conditions that price might be closer to the consumer's prefered price (which is $0) or the producer's preferred price. Since gaming is a very competitive market, the prices have generally been deflationary and haven't even kept up with inflation. The GPU market on the other hand is a good example of what an uncompetitive market can look like.
"Greed" doesn't explain anything because we are all outcome maximizing all the time, therefore it cannot explain changes in price.
None necessary. The market is working very efficiently by providing an unprecedented amount of high quality games at the lowest prices ever.So what's your proposed theoretical solution for this?
Props to you for coming back to the thread. I would have just gone back to bed.Can you elaborate on how price gouging in a hypercompetitive market like gaming would be sustainable? If you overprice your product, customers will opt for a different product in a market with an abundant supply of viable products.
No it doesn't. Greed explains fuck all because everybody's greed is at a max at all time. If two producers produce a game and one prices it at $20 and the other at $25, then the latter isn't greedier. The reason why they're pricing their product higher than their competitor are market considerations and market strategy. Both market actors want to maximize their outcome at the same rate.
No, that's a bad business decision.
This is meaningless Twitter-speak. You're not saying anything.
See Im in the same boat however. Most people think they get the same quality of cables etc from a discount store as they do from big name brands that cost twice as much.. Then they wonder why their house burnt down.I don't personally buy cheap, exploitative shit. I'll spend extra for better quality products made more ethically. Price isn't a primary purchase driver for me.
My position is trivially easy to defend, no need to run from anything. The reality is that the market is producing very good outcomes overall and there's nothing wrong with being greedy on either side of the equation. In fact, greed (which is just outcome maximization) is the reason why companies are developing things like Baldur's Gate 3 or Tears of the Kingdom - there's so much money to be made. Nobody will put in the resources to develop games of this quality if they can't make bank off of it.Props to you for coming back to the thread. I would have just gone back to bed.
They are charging more because of inflation. Everything they use to make these products including shipping and materials / workers wages etc have gone up. Business have to answer to shareholders who are investing in them. The company needs to maintain a balance as well. Don't forget wages / medical insurance etc all comes at a cost unless you want to send all our manufacturing and jobs overseas.I was going to say something snarky but I will just disagree. As a consumer my money is outgoing. Of course I will want prices for products I consume to remain in my budget. These large corporations are increasing prices not to maintain profits, but to increase them even more. Plus, their greed leads to things like consolidation and closures. It has a significant impact on the industry as a whole.
Really? Thanks for educating me. I had no idea. I guess consolidation is also a tool for maintaining balance? Greed isn’t just about the price placed on a product. Actions play a significant role in determining greed.They are charging more because of inflation. Everything they use to make these products including shipping and materials / workers wages etc have gone up. Business have to answer to shareholders who are investing in them. The company needs to maintain a balance as well. Don't forget wages / medical insurance etc all comes at a cost unless you want to send all our manufacturing and jobs overseas.
They don't really. Inflation-adjusted prices have gone nowhere but down. Gaming companies are not even in the position to charge prices that keep pace with inflation, because the market is so fierce. If you raise the price, you are undercut by an abundance of very strong competition. The GPU market is an opposite example of that. You got a monopoly and no viable alternatives, which leads to monopoly pricing.Sure but a company is one entity and has significant control over pricing for everyone.
Anyway, how’s everyone’s Tuesday going?
These entitlements have morphed into…The Consumers side for the past 40 or so years has been an issue with entitlement.
Why can’t I drive a nice car?
Why can’t I have a nice tv?
Why can’t I live in a mansion?
And it all started after the dawn of TV and Movies which brought about mass advertising.
People are so consumed with what they don’t have that they do not realize that they can shape the market by not buying what they don’t need.
Only reason games are so expensive is because of gamer expectations and buying habits.