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The Effects of Psychic Benefit on the EvE Market
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Gahagan
White Moon Aeronautics
#1 - 2012-02-05 20:40:55 UTC
Apologies if this has been posted here already.

http://www.grantland.com/story/_/id/6874079/psychic-benefits-nba-lockout

Malcolm Gladwell (author of Blink, Outliers) discusses why NBA teams sell for more than they are valued. His same argument applies to many facets of the EvE market, especially rare items such as T2 BPOs and limited-run faction ships such as the Federation Megathron and alliance tournament rewards.

Paragraph 3 is the important part, but the whole article is interesting.
Tak Muertos
Garoun Investment Bank
Gallente Federation
#2 - 2012-02-06 04:08:51 UTC
That's a great find! Thanks!
Samroski
Middle-Earth
#3 - 2012-02-06 18:48:48 UTC
The article implies that only people who derive psychic benefits should buy such 'beautiful' goods, so that they are not disappointed when the goods do not perform or make financial sense. Sort of explains the whining when a precious item is nerfed, or does not come up to expectation.

Any colour you like.
Gahagan
White Moon Aeronautics
#4 - 2012-02-07 15:03:39 UTC
Well, sort of, maybe. I don't know if it implies that only people who derive psychic benefit should buy beautiful goods. It does suggest that people who derive psychic benefit should not complain when a factor irrelevant to their goods, such as being nerfed, occurs. In theory that should not change the psychic benefit they get from the item.

It's actually interesting to read it in terms of the idea of 'free minerals' aswell.

On one hand you have miners who make the conscious decision to sell minerals instead of building with them because they want to make more money.

On the other you have industrialists who derive a psychic benefit from building things, which should be equal to the price difference between their selling price and the mineral worth of the item being built.

The smart miners are the businessmen, the industrialists are the art collectors.