Ticket scalping: is this illogical?

[chezlaw]

[ QUOTE ]
[ QUOTE ]

It's similar to winning a satellite to a 10k event that you wouldn't normally play. You should sell the seat if at all possible if you weren't comfortable playing it in the first place.

[/ QUOTE ]

I think that's an excellent analogy. And I think it also provides an example in which most people are behaving irrationally.

matt

[/ QUOTE ]
its illustrative of a common mistake amongst 'rational' people. They confuse maximising happiness with maximising something they can measure easily.

For many people paying the ticket price and going, or not going at all are the the optimal solutions and to do anything else would be silly - especially if its because of peer pressure from so called 'rational' people.

BTW DS knew I was ging to say this

chez