Comments on: 6 Quirks of Ownership: How Possessions Bend Our Perceptions http://www.spring.org.uk/2008/04/6-quirks-of-ownership-how-possessions.php Understand your mind with the science of psychology - Mon, 04 May 2009 10:30:58 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Jeremy (PsyBlog author) http://www.spring.org.uk/2008/04/6-quirks-of-ownership-how-possessions.php/comment-page-1#comment-21508 Jeremy (PsyBlog author) Thu, 17 Apr 2008 07:53:00 +0000 http://spring.org.uk/2008/04/6-quirks-of-ownership-how-possessions-bend-our-perceptions.php#comment-21508 Dave, the experimenters in this case <em>were</em> part of the scalpers market so these <em>were</em> the prices students were willing to buy and sell for.<br /><br />The problem with doing the experiment on eBay is that it's very difficult to control the environment - especially the random allocation element that's so important to this study. Dave, the experimenters in this case were part of the scalpers market so these were the prices students were willing to buy and sell for.

The problem with doing the experiment on eBay is that it's very difficult to control the environment - especially the random allocation element that's so important to this study.

]]> By: Dave Rickey http://www.spring.org.uk/2008/04/6-quirks-of-ownership-how-possessions.php/comment-page-1#comment-21500 Dave Rickey Tue, 15 Apr 2008 01:46:00 +0000 http://spring.org.uk/2008/04/6-quirks-of-ownership-how-possessions-bend-our-perceptions.php#comment-21500 It's pretty routine for major sports colleges with student set-asides to have a huge scalpers market. Which the students would have been aware of, and would have priced accordingly. The average quoted is *so* much higher than a student budget, it seems unlikely the students cared what a student's budget for the tickets was.<br /><br />Although the principle in question is a good one, the example sucks. An examination of eBay auctions would have been much better. It's pretty routine for major sports colleges with student set-asides to have a huge scalpers market. Which the students would have been aware of, and would have priced accordingly. The average quoted is *so* much higher than a student budget, it seems unlikely the students cared what a student's budget for the tickets was.

Although the principle in question is a good one, the example sucks. An examination of eBay auctions would have been much better.

]]> By: Natasha http://www.spring.org.uk/2008/04/6-quirks-of-ownership-how-possessions.php/comment-page-1#comment-21486 Natasha Tue, 08 Apr 2008 16:26:00 +0000 http://spring.org.uk/2008/04/6-quirks-of-ownership-how-possessions-bend-our-perceptions.php#comment-21486 @ Ryan<br /><br />"They sat down with a list of students" They weren't alumni (though that could be a grey area) and they were community members.<br /><br />I don't think the price of the actual item matters. The tickets could be free even and I think that while the dollar value of the prices may change, the perceived value of the tickets would still be much higher in the students that won the tickets. <br /><br />The point is not "how close they were to estimating the real value." @ Ryan

"They sat down with a list of students" They weren't alumni (though that could be a grey area) and they were community members.

I don't think the price of the actual item matters. The tickets could be free even and I think that while the dollar value of the prices may change, the perceived value of the tickets would still be much higher in the students that won the tickets.

The point is not "how close they were to estimating the real value."

]]> By: Ryan http://www.spring.org.uk/2008/04/6-quirks-of-ownership-how-possessions.php/comment-page-1#comment-21485 Ryan Tue, 08 Apr 2008 08:17:00 +0000 http://spring.org.uk/2008/04/6-quirks-of-ownership-how-possessions-bend-our-perceptions.php#comment-21485 Interesting, but did Carmon and Ariely consider that the natural buyers of those magic Duke tickets were not other students (who didn't win the windfall of a ticket) but rather the many alumni and community members who are neither students nor starving?<br /><br />The question I'm asking is what was the market clearing price for Duke tickets actually was, and whether the in the case of actual completed transactions, the price was closer to that desired by the student-buyers or the student-sellers. Interesting, but did Carmon and Ariely consider that the natural buyers of those magic Duke tickets were not other students (who didn't win the windfall of a ticket) but rather the many alumni and community members who are neither students nor starving?

The question I'm asking is what was the market clearing price for Duke tickets actually was, and whether the in the case of actual completed transactions, the price was closer to that desired by the student-buyers or the student-sellers.

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