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more complex question no 1. do you pay 5%

Posted By: svilo
Date: Tuesday, 22 February 2011, at 4:19 a.m.

In Response To: simple question no 1. about backgammon boards (christian munk-christensen)

OK. Let's make it a little more complex Are you inclined to pay 5% more for a flat bar or have it with hinges on the new board you are buying. The question has a sense - are customers aware of the advantages of the flat bar. - if a flat bar is not appreciated are flat bar makers making a blunder to involve more expenditure of labor and material?

When buying a board we consider many things. Lack of information may cost a lot in decision making. I put 5% as my blunder threshold. If there are lots of errors or blunders in decision making on both sides - customers and producers then we don,t have an efficient market mechanism. YOU WOULD BE DISGUSTED TO WATCH A GAME FULL OF BLUNDERS, WOULDN'T YOU? Advertising is not the solution. I can't get no satisfaction - it's a classic.

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