4 ms·

Did you see the part about selling to kids who don't have much money?

bombcar 4y ago
The solution there is to play at more venues, or play at more crappier venues.
conradludgate 4y ago
If the kids didn't buy at the time, that means they didn't buy them before when the tickets were more expensive. Which means that also wouldn't be interested in buying the more expensive scalped tickets either. Put into context: Tickets are $30 - kid doesn't buy them next day Tickets are $29 - scaler buys them before the kid The kid has already decided that $30 is too much. For the resale to be worth it, it would need to be more than $1 gains, but that is more than the kid has already associated the value to be
- Cederfjard 4y ago
  What if the kid passes at $30 because money is tight, they’d prefer to pay $20 and want to try for that, but scalpers snatch up all the cheapest tickets before the kid is able to. The kid still really wants to go, however, and is willing to actually pay the scalper up to $40 when push comes to shove, even if it hurts a bit? Or if they weren’t organized enough or able to commit to going early on, but still have the purchasing power to pay a higher price?
  - aetherson 4y ago
    Then they learned a valuable lesson? I mean, this seems like a low stakes operation. Nobody on their deathbed is like, "If only that Taylor Swift ticket had cost $10 less."
    - Cederfjard 4y ago
      See my response to your sibling comment.
  - mhb 4y ago
    Yeah, the price/time algorithm for the auction can't accommodate every single kid's temporal and financial idiosyncracies. Compared to what?
    - Cederfjard 4y ago
      I was mostly asking because the explanation in the parent comment seemed overly simplistic, and to indicate that this approach would destroy the scalpers’ business model entirely. I’m totally open to the idea that this is a good solution that would improve on the status quo.
wiseowise 4y ago
They don’t buy them regardless, bots already bought everything out.

The solution there is to play at more venues, or play at more crappier venues.

If the kids didn't buy at the time, that means they didn't buy them before when the tickets were more expensive. Which means that also wouldn't be interested in buying the more expensive scalped tickets either. Put into context: Tickets are $30 - kid doesn't buy them next day Tickets are $29 - scaler buys them before the kid The kid has already decided that $30 is too much. For the resale to be worth it, it would need to be more than $1 gains, but that is more than the kid has already associated the value to be

Cederfjard 4y ago
What if the kid passes at $30 because money is tight, they’d prefer to pay $20 and want to try for that, but scalpers snatch up all the cheapest tickets before the kid is able to. The kid still really wants to go, however, and is willing to actually pay the scalper up to $40 when push comes to shove, even if it hurts a bit? Or if they weren’t organized enough or able to commit to going early on, but still have the purchasing power to pay a higher price?
- aetherson 4y ago
  Then they learned a valuable lesson? I mean, this seems like a low stakes operation. Nobody on their deathbed is like, "If only that Taylor Swift ticket had cost $10 less."
  - Cederfjard 4y ago
    See my response to your sibling comment.
- mhb 4y ago
  Yeah, the price/time algorithm for the auction can't accommodate every single kid's temporal and financial idiosyncracies. Compared to what?
  - Cederfjard 4y ago
    I was mostly asking because the explanation in the parent comment seemed overly simplistic, and to indicate that this approach would destroy the scalpers’ business model entirely. I’m totally open to the idea that this is a good solution that would improve on the status quo.

wiseowise 4y ago

They don’t buy them regardless, bots already bought everything out.