discordian

I was just served with a lawsuit alleging that I am costing the record labels and artists profits by not purchasing any music from RIAA labels.
Didn't download any illegally, just haven't purchased any in years. I will contend that there's been nothing worth purchasing...

Jacob preis

With regard to the wallets, religious people believe (know) that G-d is watching them with every decision that they make...

htb

The Wallet Test link is fun, but I want to know how they selected the amount of money to put in the wallet ($2.10 plus a fake $50 gift certificate). Is that how much postage would cost to mail it?

If I use the $2.10 in the wallet to pay for postage to mail the wallet back, then do they rate it as a "stolen contents" wallet or an "honest return" wallet? Surely you don't have to be willing to pay postage on someone else's wallet out of your own pocket to be called an honest person.

Or perhaps the only contact information was a phone number, so it was necessary to meet in person?

Curious Thief

As my name suggests, I am an honest guy. I'd be interested to see how the results would differ if the wallets were high end designer wallets flush with cash. I'm no genius but I'm almost willing to bet that the ratio of "honest" vs. "dis-honest" people would be significantly lower...

Ryan Mc

"To some economists, this is a borderline miracle, because it contradicts the concept of Homo economicus (economic man) as a rational, selfish person who single-mindedly strives for maximum profit. According to this notion, sellers should pocket buyers' payments and send nothing in return."

Any economist who thinks this should be forced to repeat ECON 101. It is NOT rational to pocket the payment and send nothing in return, unless you NEVER plan to try to sell anything on eBay ever again. Negative feedback from the buyer will ensure that you only get away with this once.

You guys sure publish some shady economics on this site.

discordian

I was just served with a lawsuit alleging that I am costing the record labels and artists profits by not purchasing any music from RIAA labels.
Didn't download any illegally, just haven't purchased any in years. I will contend that there's been nothing worth purchasing...

Jacob preis

With regard to the wallets, religious people believe (know) that G-d is watching them with every decision that they make...

htb

The Wallet Test link is fun, but I want to know how they selected the amount of money to put in the wallet ($2.10 plus a fake $50 gift certificate). Is that how much postage would cost to mail it?

If I use the $2.10 in the wallet to pay for postage to mail the wallet back, then do they rate it as a "stolen contents" wallet or an "honest return" wallet? Surely you don't have to be willing to pay postage on someone else's wallet out of your own pocket to be called an honest person.

Or perhaps the only contact information was a phone number, so it was necessary to meet in person?

Curious Thief

As my name suggests, I am an honest guy. I'd be interested to see how the results would differ if the wallets were high end designer wallets flush with cash. I'm no genius but I'm almost willing to bet that the ratio of "honest" vs. "dis-honest" people would be significantly lower...

Ryan Mc

"To some economists, this is a borderline miracle, because it contradicts the concept of Homo economicus (economic man) as a rational, selfish person who single-mindedly strives for maximum profit. According to this notion, sellers should pocket buyers' payments and send nothing in return."

Any economist who thinks this should be forced to repeat ECON 101. It is NOT rational to pocket the payment and send nothing in return, unless you NEVER plan to try to sell anything on eBay ever again. Negative feedback from the buyer will ensure that you only get away with this once.

You guys sure publish some shady economics on this site.