Suzanimal
Member
- Joined
- Jan 17, 2012
- Messages
- 33,385
Praxeology...
All action is rational ~ Mises
OoOo! Wine's on special! ~ Suzanimal
I went to dinner at the Brazilian steakhouse with friends last night and was showing off my praxeology. Seriously, I was thinking about this at dinner. They had a bottle of wine on special for 30.00 and I looked around the restaurant and noticed that everyone drinking wine had that brand on their table. I'm not sure my girlfriend got it, though. She was trying be judgy. Praexology doesn't judge, sista.
Lowering the price, all things being equal of a good, will result in an increase of the quantity demanded of the good.~ David Gordon
@17:07 in the lecture
The wine was terrible, btw. I've noticed some of the really bad (or good - I don't really know the difference) wines stains your teeth. I caught a glimpse of myself in the bathroom and I looked like a kid who had been drinking purple Kool Aid all day. Hell, my $3 hobo wine doesn't even wreck my grill like that.
----
I've also been thinking about @10:54 in the video. I would travel 20 minutes to get 50.00 off anything but I get what he's saying. If he made it a smaller amount, say 5.00, it would definitely apply to me. For example, I wouldn't travel 20 minutes to get 5.00 off an ipod but I would (and have) to get 5.00 off a bag of socks. They were the good socks, though and they rarely go on sale.
^^^That's behavioral economics. Which, as David Gordon pointed out, doesn't affect Mises statement that action is rational. I'm only commenting because I just got to thinking about the scenario he presented. I ran errands on Tuesday and was thinking about how far I'd drive to save 50.00 on something. A lot depended on it, btw. Like, the cost of gas, traffic, how badly I needed the item, how busy I am, how strapped for cash I am at the moment...
All action is rational ~ Mises
OoOo! Wine's on special! ~ Suzanimal
I went to dinner at the Brazilian steakhouse with friends last night and was showing off my praxeology. Seriously, I was thinking about this at dinner. They had a bottle of wine on special for 30.00 and I looked around the restaurant and noticed that everyone drinking wine had that brand on their table. I'm not sure my girlfriend got it, though. She was trying be judgy. Praexology doesn't judge, sista.
Lowering the price, all things being equal of a good, will result in an increase of the quantity demanded of the good.~ David Gordon
@17:07 in the lecture
The wine was terrible, btw. I've noticed some of the really bad (or good - I don't really know the difference) wines stains your teeth. I caught a glimpse of myself in the bathroom and I looked like a kid who had been drinking purple Kool Aid all day. Hell, my $3 hobo wine doesn't even wreck my grill like that.
----
I've also been thinking about @10:54 in the video. I would travel 20 minutes to get 50.00 off anything but I get what he's saying. If he made it a smaller amount, say 5.00, it would definitely apply to me. For example, I wouldn't travel 20 minutes to get 5.00 off an ipod but I would (and have) to get 5.00 off a bag of socks. They were the good socks, though and they rarely go on sale.
^^^That's behavioral economics. Which, as David Gordon pointed out, doesn't affect Mises statement that action is rational. I'm only commenting because I just got to thinking about the scenario he presented. I ran errands on Tuesday and was thinking about how far I'd drive to save 50.00 on something. A lot depended on it, btw. Like, the cost of gas, traffic, how badly I needed the item, how busy I am, how strapped for cash I am at the moment...
Last edited:
I also like his hufftada. That's what I call the little patch of lip hair he's sporting. 
