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Dani SP
Rupture Farms Mining
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Posted - 2009.01.31 19:57:00 -
[1]
Some examples:
1) Robert wants to buy some Expanded Cargohold II. He finds that cheapest sell order in current region is 694000isk, 9 jumps away. There is a sell order in current system, 712000isk. He jumps 9 times just to save some thousands, sometimes risking by flying through low-sec...... He doesnt realize it is worth to spend those little thousands and use the time to mine/missions and he would earn MORE money than he is saving by jumping loads of times.
2) Paul is an industrialist who loves to manufacture his own ships and selling the rest to the other peeps on region. His friend Dominic tells him not to keep manufacturing ships as he is losing money since minerals do cost more than the final ship selling price. But Paul refuses the advice and says: "you are wrong: I mine and refine my own minerals so manufacturing costs are near zero"......... Double fail: at first, he could just sell the minerals so he would get more isk. secondly, time is isk, so he doesn't really "mine for free".
more questions: http://en.wikipedia.org/wiki/Opportunity_cost |
Jim McGregor
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Posted - 2009.01.31 19:59:00 -
[2]
Which ones of the 6.75 billion inhabitants are you referring to?
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Shirley Serious
Amarr Imperial Academy
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Posted - 2009.01.31 20:02:00 -
[3]
When will people realize that time is isk ?
When Eve becomes a job rather than a game. |
Sirial Soulfly
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Posted - 2009.01.31 20:39:00 -
[4]
Your argument fails, as eve is a game unlike the real world, and people generally don't give a **** about time/isk as long as they can have fun. |
Grek Forto
THE IRIS United Freemen Alliance
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Posted - 2009.01.31 20:47:00 -
[5]
3) Dani is a little forum warrior. He gets an idea and decided to post it on the EVE-Online forum. But if he hadn't done that he could have been in-game and used that time to do missions, ratting, mining or some other more important task then bothering the forum with more nonsense. |
Captain Pompous
Is Right Even When He's Wrong So Deal With It
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Posted - 2009.01.31 20:48:00 -
[6]
Well done, Captain Obvious (though I know you're not the real Captain Obvious, he's waay cooler than you are) |
Cailais
Amarr 0utbreak
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Posted - 2009.01.31 20:54:00 -
[7]
Well in theory you could sell items at under production cost values in order to hamper or force out another industrial player. As his items arent selling at all (but yours are, albeit at a loss) in the short term he might be persuaded to move on. At which point, having secured the localised market to yourself, you can proceed to raise the price - perhaps making a long term profit.
C.
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Earther Gongen
Gallente
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Posted - 2009.01.31 22:11:00 -
[8]
Edited by: Earther Gongen on 31/01/2009 22:11:38
Originally by: Dani SP Some examples:
1) Robert wants to buy some Expanded Cargohold II. He finds that cheapest sell order in current region is 694000isk, 9 jumps away. There is a sell order in current system, 712000isk. He jumps 9 times just to save some thousands, sometimes risking by flying through low-sec...... He doesnt realize it is worth to spend those little thousands and use the time to mine/missions and he would earn MORE money than he is saving by jumping loads of times.
2) Paul is an industrialist who loves to manufacture his own ships and selling the rest to the other peeps on region. His friend Dominic tells him not to keep manufacturing ships as he is losing money since minerals do cost more than the final ship selling price. But Paul refuses the advice and says: "you are wrong: I mine and refine my own minerals so manufacturing costs are near zero"......... Double fail: at first, he could just sell the minerals so he would get more isk. secondly, time is isk, so he doesn't really "mine for free".
more questions: http://en.wikipedia.org/wiki/Opportunity_cost
You forgot a few other pointers:
3) If you spend time mining and hauling ore to a station, it is generally not recommended to then just trash the ore, as you could have made isk off it by refining it and selling it or making it into something. Or consider this, if you were just going to throw it away why even spend the time mining to begin with?
4) Once you get your isk DO NOT waste it all on something ridiculous like spending 500 million for a tech 1 frigate. You can get most tech 1 frigates for much less than 500 million.
Glad to help as much as OP. |
ResearchBunny Beatrix
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Posted - 2009.01.31 22:14:00 -
[9]
ITT: A dead horse, beaten. |
Khemul Zula
Amarr Keisen Trade League
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Posted - 2009.01.31 23:07:00 -
[10]
Edited by: Khemul Zula on 31/01/2009 23:09:06
Originally by: Dani SP 1) Robert wants to buy some Expanded Cargohold II. He finds that cheapest sell order in current region is 694000isk, 9 jumps away. There is a sell order in current system, 712000isk. He jumps 9 times just to save some thousands, sometimes risking by flying through low-sec...... He doesnt realize it is worth to spend those little thousands and use the time to mine/missions and he would earn MORE money than he is saving by jumping loads of times.
*looks at sell orders* Yep, found your problem. It would appear you found the one person in EVE that does that. Now I must go back to moving items one jump over and selling at a 25% markup. |
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Lt Shard
Shoot To Thrill Un-Natural Selection
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Posted - 2009.01.31 23:09:00 -
[11]
i give you a 1
I mine and manufacture my stuff. FOR ONE REASON. supplying my alliance. Supplying war > isk. eat that.
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Lady Katrana
Wild Jokers
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Posted - 2009.01.31 23:14:00 -
[12]
when will people stop whining about people that don't understand opportunity cost and start taking advantage of them |
MotherMoon
Huang Yinglong
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Posted - 2009.01.31 23:40:00 -
[13]
no they aren't free, but they don't have a set price.
Stop saying that, it's not how the market works. each person is allowed to sell, and each person is allowed to decided what his work is worth. If someone thinks what they mine is free, then they can sell it for 0 isk if they wish. And it's not wrong, it's the market.
It's only worth as much as the person selling believes it be wroth. |
Soporo
Caldari The Graduates Morsus Mihi
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Posted - 2009.02.01 00:03:00 -
[14]
There are people who don't care about opportunity costs, a lot of them. These kinds of people seem to be quite happy doing whatever it is they do without using spreadsheets or calculators or risk/reward mentality. *gasp*
Also, the laziness factor trumps all.
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Syn Exec
Synergy Evolved
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Posted - 2009.02.01 00:19:00 -
[15]
Your first challenge is to make people understand what opportunity cost is.... majority don't get it |
Yelan Zhou
Amarr PIE Inc.
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Posted - 2009.02.01 00:25:00 -
[16]
I am glad that Robert and Paul contribute to my wealth.We need more Roberts and Pauls imo. |
Tu Pham
Gallente
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Posted - 2009.02.01 00:28:00 -
[17]
There is also the satisfaction and enjoyment of making things and selling them to other players. For some people, that is worth more than the ISK they are losing. |
Khemul Zula
Amarr Keisen Trade League
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Posted - 2009.02.01 01:02:00 -
[18]
Originally by: Tu Pham There is also the satisfaction and enjoyment of making things and selling them to other players. For some people, that is worth more than the ISK they are losing.
Yes. These are similar to the people who get orgasmic when they hear "corporate audit". Sadly you can not hurt these people because they do not have a soul.
------ I can picture in my mind a world without war, a world without hate. And I can picture us attacking that world, because they'd never expect it. |
soldieroffortune 258
Gallente Horsemen of Apocalypse
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Posted - 2009.02.01 01:06:00 -
[19]
Originally by: Shirley Serious When will people realize that time is isk ?
When Eve becomes a job rather than a game.
this tbh
Originally by: soldieroffortune 258
"Eve is about making yourself richer while making the other guy poorer"
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Hopey
Gallente L.O.S.T. Industries
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Posted - 2009.02.01 01:10:00 -
[20]
3. Little Billy has an alt - Bobby - and while Billy is doing things he enjoys, Bobby is hauling or mining. Billy lets Bobby mine and then reprocesses and uses that ore in his manufacturing endeavors. Billy considers those resources "free", because he only has enough concentration to actively run one account at a time and so if Bobby wasn't mining or hauling, he would be sitting in a station somewhere, so Billy considers NOT getting those 'free resources' to be opportunity cost.
moreover - NO ONE CARES, so hush up. |
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Grendelsbane
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Posted - 2009.02.01 01:58:00 -
[21]
Originally by: Dani SP Some examples:
1) Robert wants to buy some Expanded Cargohold II. He finds that cheapest sell order in current region is 694000isk, 9 jumps away. There is a sell order in current system, 712000isk. He jumps 9 times just to save some thousands, sometimes risking by flying through low-sec...... He doesnt realize it is worth to spend those little thousands and use the time to mine/missions and he would earn MORE money than he is saving by jumping loads of times.
2) Paul is an industrialist who loves to manufacture his own ships and selling the rest to the other peeps on region. His friend Dominic tells him not to keep manufacturing ships as he is losing money since minerals do cost more than the final ship selling price. But Paul refuses the advice and says: "you are wrong: I mine and refine my own minerals so manufacturing costs are near zero"......... Double fail: at first, he could just sell the minerals so he would get more isk. secondly, time is isk, so he doesn't really "mine for free".
more questions: http://en.wikipedia.org/wiki/Opportunity_cost
People are stupid. They have never listened, they won't listen, and they never will listen. Profit from them and/or kill them.
Don't get me wrong, maybe someone REALLY wants to spend his time in EVE making a business empire selling, say, missiles. He creates a character, MissileMan, and spends 5 years in EVE makin' missiles. There is nothing wrong with that simply because he could make more money mining or mission grinding - creating and growing a business is rewarding in and of itself much in the same way that PvP for PvP's sake is.
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bff Jill
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Posted - 2009.02.01 02:07:00 -
[22]
No im sorry you are playing an internet spaceship game your time is worthless.
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Karrade Krise
Galatic P0RN Starz
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Posted - 2009.02.01 02:13:00 -
[23]
If time is isk, why are you here posting? :D |
Anile8er
Solstice Systems Development Concourse
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Posted - 2009.02.01 02:29:00 -
[24]
flamed
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Sky Marshal
IMpAct Corp Tau Ceti Federation
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Posted - 2009.02.01 02:32:00 -
[25]
The OP is right.
But the OP failed. If I was him, I would try to purpose a contract to Paul to buy all the stuff produced. Stuff that I would sell at their right price a few jumps away.
They can lose stupidly their time and so their ISK as they want, as long that this stupidity can help me to generate more money. ___________________
EVE "Community" become more like WoW each day, with his fanboy attitude. Simplistic logic, Lazy thinking, No capacity to comprehend same a justified whine... |
Par'Gellen
Gallente Tres Hombres Psychiatric Hospital
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Posted - 2009.02.01 02:53:00 -
[26]
Originally by: Sirial Soulfly Your argument fails, as eve is a game unlike the real world, and people generally don't give a **** about time/isk as long as they can have fun.
This. |
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