Ethics: You have an item for sale. No one else has one. How high do you charge? What if there is no price for it on any website yet, because it's new? You get an very high price. Yay! You rich! But then you find out it's common. And the buyer spent all their gold Now what?
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Replying to @thegoldqueen
This is less ethics in gold making & more ethics in economics! Pricing when there is no data is hard; even more so if it’s a random drop as we have in WoW - no costs to cover. From a vendor is trickier; how much profit do you want to make?
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Replying to @Sivation @thegoldqueen
But the principle of “Buyer Beware” holds here; there are two sides to a transaction & if they’re happy to pay for it, who am I to stop them giving me gold? If the item becomes more readily available then prices will drop - joys of the market
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Replying to @Sivation @thegoldqueen
I had intended to write a blog on this, using the pricing graph of the left shark as an example. Where I had to use Log(price) to make the graph useful!
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Replying to @Sivation
Idea: blog series. Maybe
@Postsemreh@mogsaddiction and@GumdropsEU wants to join in1 reply 0 retweets 1 like -
Replying to @thegoldqueen @Sivation and
absolutely - after I send you some feedback to your questions, I'll have enough of my own writing to put it into a blog post.
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Replying to @Postsemreh @Sivation and
What do you think, S? Want to make a "bloggers festival" or whatever they're called
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Replying to @thegoldqueen @Postsemreh and
Maybe; I’m somewhat short on time these days unfortunately
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Oh thought you were going to do something about left shark
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Replying to @thegoldqueen @Postsemreh and
It’s something I’ve been pondering writing for ~2 years so far! Not been blogging much of late
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