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The scalper is trading volatility (they may or may not sell the ticket for a higher price) for the opportunity of a return. The venue is getting the opposite si
by hervature 3y ago
The scalper is trading volatility (they may or may not sell the ticket for a higher price) for the opportunity of a return. The venue is getting the opposite side of the deal. Guaranteed income now.
- crabmusket 3y agoBut if, on average, scalpers didn't get their payout, then they wouldn't take the risk right? Unless scalpers as a class are economically irrational?
- JumpCrisscross 3y ago> if, on average, scalpers didn't get their payout, then they wouldn't take the risk The point is they can get their pay-out while the venue/artist and consumers win. Scalper gets paid. Venue and artist get stability. Consumer who buys from the scalper gets availability. And the other 90% of consumers get cheaper prices.
- crabmusket 3y agoI see, I guess that makes sense in theory.