Monday, August 17, 2009

Back to school thoughts

During our drive to Ithaca, we encountered several toll booths. When the toll amount required change, we would pay part of the change in pennies. We observed that female toll collectors would always count the pennies before letting us move along, whereas male toll collectors would look at the handful of pennies and let us proceed without counting them.

When buying textbooks from an online source like Amazon, it probably doesn't matter much if a seller is "just launched" or a veteran seller. If the new seller plans to continue selling from their account for years to come, then they would probably want to ensure their first few ratings are good in order to build a solid reputation as a seller. This applies only if the seller plans on selling more items in the future.

1 comment:

Bruce said...

Hmm I think veteran sellers are better for two reasons.

1)You are trying to infer whether he will be a good seller. If he has been a good seller many times in the past, it is reasonable to assume he will continue to be. It's just the principle of induction.

2) Someone who has sold a lot is likely to sell more in the future than someone who hasn't. So he should have greater incentive to be a good seller now.