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Thread Statistics | Show CCP posts - 1 post(s) |
Devil's Call
Viperfleet Inc. Narwhals Ate My Duck
720
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Posted - 2011.12.20 22:33:00 -
[151] - Quote
Mr Kidd wrote:
You can pick 3 apples in 5 minutes to sell for a total of $3. Or you can spend an hour making and cooking an apple pie that you can sell for $2 dollars. Are you stupid or something?
Hahaha, I laughed so hard! ******* genius. |
Crumplecorn
Eve Cluster Explorations
104
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Posted - 2011.12.20 22:34:00 -
[152] - Quote
arcca jeth wrote:well, i'm not really trying to convince anyone of anything. Certain other people are.
arcca jeth wrote:opportunity cost is used to determine important financial decisions in real life situations, business or personal....and this is just a game In the context of the game, blowing up the minerals you just spent six hours mining is an important financial desicion. Of course in the context of real life it doesn't matter, but that is true of everything in the game. The opportunity cost is there, but it only exists inside the game. [img]http://desusig.crumplecorn.com/sig.php?r=*rnd*[/img] Desusigs can be seen on the terribad new forums using bbcode enabling script (scroll down to my post for sig rotation) |
Baneken
Hyvat Pahat ja Eric The Polaris Syndicate
26
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Posted - 2011.12.20 22:44:00 -
[153] - Quote
Borun Tal wrote:Mr Epeen wrote:How does opportunity cost factor into running a hulk while watching season two of Heroes on Netflix? If time is money then I'd say you are doing pretty well in that respect as a miner considering how little time you are actually putting in for your iskies. Mr Epeen This. +1. ... I think....
In that case the opportunity cost is the price you paid for your hulk + fittings and the time it takes to make enough ISK to even up your wallet from buying that hulk, should you get ganked with that hulk you just lost 250mils and are now going 500mils in "the frozen side" of things. Ofc, you could swap to retriever or even a mining cruiser but your ISK making just bit the bullet big time.
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Anshio Tamark
Avitus Lugus
88
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Posted - 2011.12.20 23:18:00 -
[154] - Quote
Why does everything always come down to money? Really. I don't know why, but it seems like all that matters to everyone else is how much ISK they can make. To me, it doesn't matter at all. I'm only playing EVE to have fun, not to earn billions in days. Sure, I wouldn't mind actually reaching a billion, or hell, even 200mil would be a new record for me, but first and foremost, I'm only in it for the fun. You just keep doing whatever it is you think you're doing, while I go manage my manufacturing lines. I can always get someone to buy my junk if I just give them a good enough offer. |
Crumplecorn
Eve Cluster Explorations
104
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Posted - 2011.12.20 23:21:00 -
[155] - Quote
Anshio Tamark wrote:Why does everything always come down to money? It doesn't. But, everything can be given a monetary valuation.
[img]http://desusig.crumplecorn.com/sig.php?r=*rnd*[/img] Desusigs can be seen on the terribad new forums using bbcode enabling script (scroll down to my post for sig rotation) |
Jaroslav Unwanted
Brutor Tribe Minmatar Republic
145
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Posted - 2011.12.20 23:23:00 -
[156] - Quote
Crumplecorn wrote:Anshio Tamark wrote:Why does everything always come down to money? It doesn't. But, everything can be given a monetary valuation.
Just for sake of it having some value... Sounds good. |
CausticS0da
Viziam Amarr Empire
2
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Posted - 2011.12.21 01:01:00 -
[157] - Quote
This must be what carebear PvP looks like. |
Varr Dorn
Republic Military School Minmatar Republic
0
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Posted - 2011.12.21 04:42:00 -
[158] - Quote
Devil's Call wrote:Varr Dorn wrote:Devil's Call wrote:So say an Orca costs 10 tritanium to build, and 10 tritanium sells for 10 isk, but you sell your orca for 9 isk, do you consider that a good use of time?
Maybe my example is too complicated to understand, oh well... at least I tried. In the following post I use 'you' in the general sense, not directed solely at the quoted poster. Example: Orca cost 10 tritanium to build. You sell the OP 10 tritanium for 10 isk. You suddenly decide you need an Orca and buy it from the OP for 9 isk. Now the OP has 9 isk and you have 1 isk. Who wins? I hope you understand that only the buyer wins, as the seller could've made 10isk without even building an orca. If other industrialists sell orca's for 12 isk and the OP sells them for 11, sure he makes a profit and if he thinks that that's a fun/useful way to spend his time, then by all means. But in my original example, he's loosing isk.
Other Industrials sell their orcas for 11 isk. The OP sells for 9. The OP loses 1 isk in potential material value. The OP makes a quick sale. According to opportunity cost, isn't an item sitting on the market losing isk too? If you can't sell it, or can't sell it without closely monitoring the market to insure it sells then you are using up your isk-valued time to ensure it sells.
This isn't as prevalent in Eve due to the market set-up, but brick-and-mortar stores have to take into account the value of shelf space...
Idk, I'm no market expert. But I still feel this whole debate is silly, outside the fun of poking at other people. I find the concept of Opportunity cost to be ridiculous. I don't value my time in dollars and cents (or isk) but by what I do with it. The value of enjoyment/happiness is incalculable...even if you're making a dollars and cents/isk loss on occasion |
Varr Dorn
Republic Military School Minmatar Republic
0
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Posted - 2011.12.21 04:46:00 -
[159] - Quote
Crumplecorn wrote: But, everything can be given a monetary valuation.
You sound like Ebenezer Scrooge Do I get bonus points for a holiday appropriate reference?
There are things in life, even within the small bounds of the universe of Eve that are indefinable in monetary terms. |
Crumplecorn
Eve Cluster Explorations
105
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Posted - 2011.12.21 06:07:00 -
[160] - Quote
Varr Dorn wrote: You sound like Ebenezer Scrooge Do I get bonus points for a holiday appropriate reference? There are things in life, even within the small bounds of the universe of Eve that are indefinable in monetary terms. Name 3. Bonus points for referencing my past, present and future. [img]http://desusig.crumplecorn.com/sig.php?r=*rnd*[/img] Desusigs can be seen on the terribad new forums using bbcode enabling script (scroll down to my post for sig rotation) |
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Ranger 1
Ranger Corp
565
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Posted - 2011.12.21 06:44:00 -
[161] - Quote
Crumplecorn wrote:Varr Dorn wrote: You sound like Ebenezer Scrooge Do I get bonus points for a holiday appropriate reference? There are things in life, even within the small bounds of the universe of Eve that are indefinable in monetary terms. Name 3. Bonus points for referencing my past, present and future.
Niiiiice.
Yes there are Varr, but minerals and other (virtual) material assets are not one of them... and god bless them every one. Revenge should not stop at the ship!
It's not so much a mission statement,-áit's more like a family motto. |
Varr Dorn
Republic Military School Minmatar Republic
0
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Posted - 2011.12.21 07:42:00 -
[162] - Quote
Crumplecorn wrote:Varr Dorn wrote: You sound like Ebenezer Scrooge Do I get bonus points for a holiday appropriate reference? There are things in life, even within the small bounds of the universe of Eve that are indefinable in monetary terms. Name 3. Bonus points for referencing my past, present and future.
Satisfaction/Accomplishment, The company of good friends, peace of mind
I figured I'd forego the generic "happiness,love" answer.
Any of the above are completely unrelated to money. After all, IRL I turned down a higher paying job for a job I enjoy more. My enjoyment is something I can VALUE but can't necessarily put a dollar figure on.
If we're talking STRICTLY in EVE terms, then we're still talking ephemeral things. The satisfaction of completing a goal, the thrill of hopping through a gate camp unharmed (which is not dependent on money, just skill/luck/etc), the enjoyment of just flying through space, chatting with corpmates, etc. Some you could stretch to monetary terms (like PVP being linked to the cost of ships) but the THRILL of PVP is not quantifiable in monetary terms.
That being said I believe that the valuation most people give things on the market is imaginary anyway. A product is only worth what someone is willing to pay, anything else is just vapors. Therefore the cost could be seen as perceived value, or assigned value. Not necessarily intrinsic value.
Banaken wrote:In that case the opportunity cost is the price you paid for your hulk + fittings and the time it takes to make enough ISK to even up your wallet from buying that hulk, should you get ganked with that hulk you just lost 250mils and are now going 500mils in "the frozen side" of things. Ofc, you could swap to retriever or even a mining cruiser but your ISK making just bit the bullet big time.
According to this argument the opportunity cost is defined mainly by the cost of the Hulk. Then once the Hulk is paid for, any materials mined afterwards are pure profit. Meaning that you can sell them for whatever you want. |
Crumplecorn
Eve Cluster Explorations
106
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Posted - 2011.12.21 08:10:00 -
[163] - Quote
Varr Dorn wrote:That being said I believe that the valuation most people give things on the market is imaginary anyway. A product is only worth what someone is willing to pay, anything else is just vapors. Therefore the cost could be seen as perceived value, or assigned value. Not necessarily intrinsic value. Kudos for actually answering. Regarding this particular bit, I have always felt the economy is a consensus reality. I thinkt the bank scene in Mary Poppins effectively displays how it only exists as long as we all agree it exists. [img]http://desusig.crumplecorn.com/sig.php?r=*rnd*[/img] Desusigs can be seen on the terribad new forums using bbcode enabling script (scroll down to my post for sig rotation) |
dethleffs
Immortalis Inc. Shadow Cartel
13
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Posted - 2011.12.21 09:57:00 -
[164] - Quote
Time is money and money is beer, so time is beer. All there is to it folks. |
Varr Dorn
Republic Military School Minmatar Republic
0
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Posted - 2011.12.21 10:02:00 -
[165] - Quote
Crumplecorn wrote:Varr Dorn wrote:That being said I believe that the valuation most people give things on the market is imaginary anyway. A product is only worth what someone is willing to pay, anything else is just vapors. Therefore the cost could be seen as perceived value, or assigned value. Not necessarily intrinsic value. Kudos for actually answering. Regarding this particular bit, I have always felt the economy is a consensus reality. I thinkt the bank scene in Mary Poppins effectively displays how it only exists as long as we all agree it exists.
I can agree with that. Mainly because I like **** Van Dyke. +1 for a classic movie reference. |
ariana ailith
Aribar Conglomerate
15
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Posted - 2011.12.21 10:03:00 -
[166] - Quote
Diana Dour wrote:Alt posting to protect myself from further persecution. Why do people play minecraft honestly? There must be some appeal, not everyone enjoys spamming grenades in 24/7 metro (stupid fps reference).
I hate that map...
Also, your thread is flawed somehow. 0.0 miners also build things. And high sec miners are also in it for the money.
But yea, without miners the game would be dead. And i don't understand why so many people hate miners for keeping Eve alive.. But that might just be me. |
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CCP Phantom
C C P C C P Alliance
351
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Posted - 2011.12.21 14:52:00 -
[167] - Quote
Not constructive or relevant to General Discussion.
Thread locked. CCP Phantom - German Community Coordinator |
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