#6876258, By intpleeus The Economics of the Game of the Year Edition

  • intpleeus 7 Jan 2011 17:35:24 28 posts
    Seen 3 months ago
    Registered 9 years ago

    Basically, yes. But a lot of people seem to have trouble with this idea. The person who pays $100 today and the person who pays $50 in one year may actually, in real economic terms, both incur about the same cost. For example, suppose the cost of waiting to you is $48. It follows that you should wait one year for the GotY edition. But, while you save $50 in nominal terms, the real cost is $98: the price plus the cost of waiting.
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