The Rolex Forums   The Rolex Watch

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX


Go Back   Rolex Forums - Rolex Forum > Other (non-Rolex) Watch Topics > Audemars Piguet Discussion Forum

Reply
 
Thread Tools Display Modes
Old 27 September 2020, 11:21 PM   #61
conkers
"TRF" Member
 
conkers's Avatar
 
Join Date: Feb 2013
Real Name: Roger
Location: Hong Kong
Watch: Too many!
Posts: 6,116
It is a shame you find it a “silly notion”, “pretend” and “moral facade”.

Not much point in me commenting further since you have already formed your opinion.
__________________
IG: @conkers1971
Revolution Video Feature: https://www.revolution.watch/collect...f-conkers1971/
conkers is offline   Reply With Quote
Old 27 September 2020, 11:34 PM   #62
Sg6067
"TRF" Member
 
Join Date: Jan 2020
Real Name: Sean
Location: US
Watch: AP 15450ST Blue
Posts: 249
Quote:
Originally Posted by conkers View Post
It is a shame you find it a “silly notion”, “pretend” and “moral facade”.

Not much point in me commenting further since you have already formed your opinion.
You tagged me yesterday so I reiterated my viewpoint. I also for the most part ignored your friend’s less than friendly comment toward me, to which you “cheers” him. It’s a shame you have no rebuttal, but ok let’s agree to disagree.
Sg6067 is offline   Reply With Quote
Old 28 September 2020, 04:44 AM   #63
westoque
2024 Pledge Member
 
Join Date: Jul 2020
Real Name: Billy
Location: NYC
Watch: Apple Watch
Posts: 168
I believe both conkers and SG have a point. Leaning towards conkers though.

conkers says $1000 is a big difference, which it is, regardless of how much money you have.

SG is saying that if you have $1,000,000, then $1000 is negligible. If you can spend $100,000 on a watch, then $1,000 is basically nothing. Which is completely not true (depending on the person mostly)!

I'm leaning towards conkers here saying that if a watch is $100,000, if I can save $1,000 on it, I'd gladly take it! Even though I have the money, I'm not arrogant to say $1,000 is nothing, think about it, if you did 5 $100,000 purchases that had $1,000 off, then you'd save $5,000, you can basically buy on Omega!
westoque is offline   Reply With Quote
Old 28 September 2020, 07:35 AM   #64
Kilometerman
"TRF" Member
 
Join Date: Jan 2018
Location: Land of the free
Posts: 121
This is a well-documented cognitive bias.

Let’s say you were about to buy a new calculator, and you drive to the store, and they have it for $40. But the sales person says that at another location 20 minutes away, they have the same calculator on sale.

How much cheaper would it be for you to go to the other store?

Ok, now let’s say you’re going to buy a new computer. The store has it for $4000. The sales person tells you that the location 20 minutes away has the same computer on sale.

How much cheaper would the computer have to be for you to drive to the other store?

People usually answer these questions in terms of percent of the price, and the responses are usually different. But the logical answer to the question should be “how much is 20 minutes of your time and driving worth?” And it should be the same dollar amount in both instances, if one is thinking rationally.

One doesn’t save percents of dollars, one saves dollars.

Many people won’t bother over a 1-2% difference in price. But for large ticket items, the money adds up. You wouldn’t overpay $1000 for a calculator, but you might for a six-figure watch? It’s human nature to do it this way, but not necessarily logical.
Kilometerman is offline   Reply With Quote
Old 28 September 2020, 08:47 AM   #65
dauster
"TRF" Member
 
Join Date: Mar 2019
Location: San Francisco
Posts: 3,003
Quote:
Originally Posted by Kilometerman View Post
This is a well-documented cognitive bias.

Let’s say you were about to buy a new calculator, and you drive to the store, and they have it for $40. But the sales person says that at another location 20 minutes away, they have the same calculator on sale.

How much cheaper would it be for you to go to the other store?

Ok, now let’s say you’re going to buy a new computer. The store has it for $4000. The sales person tells you that the location 20 minutes away has the same computer on sale.

How much cheaper would the computer have to be for you to drive to the other store?

People usually answer these questions in terms of percent of the price, and the responses are usually different. But the logical answer to the question should be “how much is 20 minutes of your time and driving worth?” And it should be the same dollar amount in both instances, if one is thinking rationally.

One doesn’t save percents of dollars, one saves dollars.

Many people won’t bother over a 1-2% difference in price. But for large ticket items, the money adds up. You wouldn’t overpay $1000 for a calculator, but you might for a six-figure watch? It’s human nature to do it this way, but not necessarily logical.
There is something in me that doesn’t like spending more than necessary on any item no matter how small or big, so I can totally relate to anyone spending a lot of money on watches, cars or even shoes but at the same time wanting to spend the least amount of money possible. It’s probably cognitive bias but I can’t help it.
dauster is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Wrist Aficionado

My Watch LLC

WatchesOff5th

DavidSW Watches

Takuya Watches

OCWatches


*Banners Of The Month*
This space is provided to horological resources.





Copyright ©2004-2024, The Rolex Forums. All Rights Reserved.

ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX

Rolex is a registered trademark of ROLEX USA. The Rolex Forums is not affiliated with ROLEX USA in any way.