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arthur_affect's profile
Arthur Chu
Arthur Chu
Arthur Chu
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@arthur_affect

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Arthur ChuVerified account

@arthur_affect

Mad genius, comedian, actor, and freelance voiceover artist broadcasting from the distant shores of Lake Erie (he/him)

Broadview Heights, Ohio
arthur-chu.com
Joined August 2009

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    1. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

      One thing that actually is useful about Econ 101 - or at least 102 - is learning about concepts like "price discrimination" Because people keep on talking about how they want price discrimination without knowing what it is, and without realizing it doesn't happen by magic

      3 replies 7 retweets 46 likes
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    2. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

      Price discrimination is the ideal situation for anyone selling something It's the concept of "everyone pays as much as they're able/willing to pay"

      1 reply 1 retweet 13 likes
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    3. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

      It's the idea that if I've already written a book I wouldn't turn down fifty cents for it from a poor person or fifty grand from a millionaire

      1 reply 1 retweet 15 likes
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    4. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

      Ideally, I'd want both sales, and losing the fifty cents from the poor person when fifty cents is really all they have is a failure But so is letting the millionaire get away with paying fifty cents when they could easily pay fifty grand

      1 reply 1 retweet 17 likes
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    5. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

      The problem is, price discrimination is extremely difficult to enact You don't know how much people actually have or are willing to pay, and they have every reason to fuck with you over it

      2 replies 0 retweets 23 likes
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      Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

      Arguably, even THEY don't know how much they're willing to pay, because of price anchoring There's a lot of "irrational" pricing in our society, arguably, based on our random, contingent assumptions of how much things "should" cost

      4:28 AM - 30 Mar 2020
      • 1 Retweet
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      1 reply 1 retweet 21 likes
        1. New conversation
        2. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          We often try to do other discrimination through the honor system, assuming that people - *specifically* rich people - will be nice An often dangerous assumption, but it works to an extent Pay-what-you-want, tipping, etc

          1 reply 3 retweets 25 likes
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        3. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          The thing is it works TO AN EXTENT but it doesn't work GREAT People don't like feeling "ripped off" just because they have more money If everyone tipped based on what they could afford instead of arguing about percentages waiting tables would be a way better job

          1 reply 2 retweets 24 likes
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        4. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          So we try to do the opposite - set a high official price, let you know this is how much the thing "really" costs, and then offer discounts to people who demonstrate they're poor in some way Means-tested subsidies but also other shit

          1 reply 1 retweet 22 likes
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        5. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          It's often just a matter of making the cheap way to get it somewhat annoying or inconvenient and trusting that the people who are really loaded will be willing to drop cash on skipping a minor hassle First class airline tickets charging like $500 more for slightly bigger seats

          1 reply 1 retweet 20 likes
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        6. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          That's the form of price discrimination traditional authors rely on a LOT The book can be read for free in the library, but the library only has so many copies, so if you want to be able to read it on Day One that it drops you better pre-order the hardcover

          1 reply 0 retweets 26 likes
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        7. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          The paperback is like half the price of the hardcover, and it's not because the hardcover is actually that much more expensive to make (far from it), it's because the paperback came out later for the people who wanted it less

          3 replies 1 retweet 18 likes
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        8. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          When they release a movie in theaters barely any of your ticket price goes to the actual upkeep of the theater itself (they rely on concessions for that these days), it's just a way to get people who care enough about the movie to go to a theater to see it to pay more

          1 reply 0 retweets 15 likes
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        9. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          The thing is, this mostly seems moral to me, given that we're talking about an entertainment product nobody needs to live Marvel superfans SHOULD pay three times as much to see a Marvel movie as casual fans, if they care about it three times as much (at least)

          1 reply 0 retweets 23 likes
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        10. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          In a perfect world we'd have perfect price discrimination Some super rich nerd who wants to give $50k to Disney to make more Marvel movies should And ideally, everyone who never was going to pay any money to see it but would still kind of like to should eventually get to

          1 reply 0 retweets 16 likes
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        11. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          But the problem is, we can't There's a lot of assholes out there, and a lot of people who when asked "How much can you AFFORD to pay" have their own self-serving definition of "afford"

          1 reply 0 retweets 15 likes
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        12. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          People always try to plead this case as though price discrimination already exists "Do you want to tell some poor kid who has no money they can never watch your movie?" Of course not, but how do I make it free for them without making it free for Scumbag Steve

          1 reply 0 retweets 17 likes
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        13. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          "Do you want to put the kid on a waiting list to borrow the ebook to *punish* them for not having money" No, but I can't tell whether they're borrowing the book because they CAN'T pay or they DON'T WANT to pay The waiting list is just the easiest way to filter out the latter

          1 reply 0 retweets 18 likes
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        14. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          A lot of the anti-copyright people are very insistent that the only ethical way to perform price discrimination is bottom up Make the product free, or make it ONE EVERYDAY LOW PRICE for everyone Then put out the begging bowl and ask for tips and donations from rich people

          1 reply 0 retweets 20 likes
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        15. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          I'm not saying this never works People do live off of tips and donations I'm telling you, though, that tips and donations aren't a very GOOD living, because, while this may surprise you, rich people are often very cheap

          3 replies 3 retweets 41 likes
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        16. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          If they weren't, we wouldn't need to have taxes, would we We'd give healthcare to everyone for free and then ask people of means to donate to support the hospitals A lot of libertarians and ancaps point to volunteer orgs and charities as what should replace governments

          1 reply 2 retweets 19 likes
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        17. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          The problem, of course, is that these people are wrong, and charities generally suck at doing the work of governments If "Pay people what you can afford so they can afford to live instead of being an asshole" were a general thing that worked we wouldn't have rich people at all

          1 reply 5 retweets 28 likes
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        18. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          And it's a really perilous thing, bottom-up price discrimination People don't like thinking about how the sausage gets made They're selfish, yes, but what's more than selfish is people are SHORT-SIGHTED After a thing exists, no one wants to think about the work it took to make

          2 replies 5 retweets 21 likes
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        19. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          That's the Marxist shit about "alienation of labor" and "commodity fetishism" "Well the file exists, it's right there on the server, it doesn't COST you anything to let me download"

          2 replies 1 retweet 22 likes
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        20. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          When you give things away "for free" you make it seem like they didn't cost any of your labor or time to make, you create the impression they just appear by magic Price anchoring is a powerful effect, it shapes people's thoughts more than they realize

          2 replies 8 retweets 26 likes
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        21. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          And we live in an era where a whole lot of people are just willfully stupid, they just see "content" appearing as if by magic in their feed every moment of every day, and prefer not to think about the conditions under which it was created It naturally creates a vicious cycle

          2 replies 4 retweets 26 likes
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        22. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          I dunno man If the Internet worked as it was advertised in the heady Free Culture days there wouldn't be anything to be pissed off about Nobody would be trying to hire artists "for exposure", nobody would be paradoxically both Internet famous and real life poor

          1 reply 4 retweets 23 likes
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        23. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          Nobody would exist who had a decent job and disposable income but "doesn't pay for music" or "doesn't pay for porn" But they obviously do

          1 reply 2 retweets 15 likes
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        24. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          The way people would frame this if they were serious about this being about the poor having a right to enjoy art is that it's price discrimination, it's doing you a favor

          1 reply 0 retweets 8 likes
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        25. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          The argument that it SHOULD be free, the NATURAL price for all information is zero, you can't MAKE me pay anything for it even if I'm the richest person in the world is massively destructive All by itself that attitude sabotages the pay-what-you-want price discrimination model

          1 reply 4 retweets 23 likes
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        26. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          After all you just gave them moral permission to pay zero It's not me putting it up for free as a favor to the fans, and saying "You have a moral obligation to pay what you can" It's me doing my ETHICAL DUTY to release something that NATURALLY IS FREE

          1 reply 3 retweets 14 likes
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        27. Arthur Chu‏Verified account @arthur_affect 30 Mar 2020

          And turns me from a laborer offering a sliding scale of payment to just a beggar asking you to give me money out of charity So people give less, often a lot less

          2 replies 3 retweets 17 likes
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        28. End of conversation

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