entertainment is an interesting product because it's value is only determined as it is being consumed. Insight, advice, etc is a product where the value is usually determined long after it has traded hands. This delay makes it much more difficult to price accurately.
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If we think the value is predictable, we'll pre-order happily. Even if we're not usually accurate (i.e. pre-ordering games). But some "products" are highly variable and more dependent on the individual, so nearly impossible to price correctly.
I have a theory that there is also an upper limit to the "quality" of things that are predictable. Being able to profit off of high quality stuff w/o underselling requires building a long term relationships, e.g. a brand. Christopher Nolan movie, apple airpods, blizzard game, ..
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I wonder if rather than being an upper limit to quality, it’s instead a challenge of novelty. Something New and Good is much harder to predict than Familiar and Good.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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