Eric Wahlforss is one of the guys behind SoundCloud. This is where he jots down thoughts on the web, music and strategy, among other things.
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Being 100% rational…
…I just pre-ordered the new Radio Head album for £1.00. I don’t think the set-your-own-price scheme is going to work at scale.
October 9th, 2007 at 2:31 pm
Why is £1 more rational than £.1?
October 9th, 2007 at 4:16 pm
Well, rational as in the neo-classical economics meaning of the word. Which, really, is said with a sprinkle of irony… (I read somewhere you can’t pay less than £1.00, or can you? In which case £.1 is exactly 10 times more rational…)
October 9th, 2007 at 9:41 pm
It’s good to see that my rudimentary view of economics still holds then. I had no problem going to the buy now with a, admittedly ridiculous, price of £.1.
October 9th, 2007 at 10:08 pm
Ah, so I was “irrational”. Which quite nicely highlights one fundamental problem with the strict neo-classical view…