4 ms·
All freely made purchases require that the buyer value the good or service they receive more than the money they pay.
by sopooneo 15y ago
All freely made purchases require that the buyer value the good or service they receive more than the money they pay.
- nostrademons 15y agoWell, there's also the possibility that they value the good or service at exactly what they paid (eg. a first-price auction), and complications from information uncertainty (eg. "Buyer's Remorse"). I'd say these are a minority of transactions, though: if everybody felt shitty every time they bought something, they wouldn't buy things for very long.
- jaggederest 15y agoI always heard of a perfect transaction as one where both parties felt slightly ripped off, but wouldn't reverse the transaction. People are bad at empathy.