WTT Manastone for Fungi Tunic

[Supaskillz]

Lol. It doesn't take an economist to see that trading an item whose current value is 240k for an item whose current value is 180k is a bad deal, even if you suspect those prices will chance. Sell the tunic buy the stone profit extra pp, unless the time it takes to make 2 forums posts and respond to pms is worth giving up that 40-70k profit to you. Bob would not take this trade at this point in time and he knows it.

In addition I don't disagree that fungi tunic is not likely to stay at 200-250k range forever, but I was simply pointing that the blanket statement that tunic loses value over time has already been proven false by the last 6 months.

[Appollo]

Originally Posted by Supaskillz [You must be logged in to view images. Log in or Register.]

In addition I don't disagree that fungi tunic is not likely to stay at 200-250k range forever, but I was simply pointing that the blanket statement that tunic loses value over time has already been proven false by the last 6 months.

Explain to me how that makes sense? It seems like you're saying two inapposite things. Also, an economist would look at the long-term par value of an item, not the immediate turn-over, in order to maximize profit. See Citizen1080 supra

[Supaskillz]

Originally Posted by Appollo [You must be logged in to view images. Log in or Register.]

Explain to me how that makes sense? It seems like you're saying two inapposite things. Also, an economist would look at the long-term par value of an item, not the immediate turn-over, in order to maximize profit. See Citizen1080 supra

I am a graduate student and MSU(Michigan State) and I actually teach Microeconomics. Let me try to explain it more explicitly.

Option 1: Trade fungi tunic for manastone. Cost=1 fungi tunic + time to do 1 transaction. Benefit = 1 manastone

Option 2: Sell fungi tunic for 240k. Buy manastone for 180k. Cost= 1 fungi tunic + time to do 2 transactions. benefit= 1 manastone + 60k

Thus option 2 is better unless the time of one transaction is greater than 60k for you.

Long term consequences of both trades are the same, the only difference is that with option 2 you have extra platinum than can be invested.


Edit: Stinkum gets it

[citizen1080]

Originally Posted by Supaskillz [You must be logged in to view images. Log in or Register.]

I am a graduate student and MSU(Michigan State) and I actually teach Microeconomics. Let me try to explain it more explicitly.

Option 1: Trade fungi tunic for manastone. Cost=1 fungi tunic + time to do 1 transaction. Benefit = 1 manastone

Option 2: Sell fungi tunic for 240k. Buy manastone for 180k. Cost= 1 fungi tunic + time to do 2 transactions. benefit= 1 manastone + 60k

Thus option 2 is better unless the time of one transaction is greater than 60k for you.

Long term consequences of both trades are the same, the only difference is that with option 2 you have extra platinum than can be invested.


Edit: Stinkum gets it

Correct. All I was stating is long term i would rather have a manastone in my pocket than a fungi tunic. And in another month or so I would guess they will be of equal value before stone passes it up.

I have a feeling a group of people is locking down the fungi tunics and feeding them very slowly into the market to keep prices at a premium.

Sadly that person is not me