Quote:
Originally Posted by haydnfan
I wish everyone here would please stop with the "Oasis is reasonably priced because the Kindle 1 was expensive" illogical stupid mantra.
|
Yes! It's basic economics.
It's like old folks say how things cost only so many cents back in their day, and so they're priced too high nowadays.
This "the device is reasonably priced because I paid sooo much for my first device" is an inversion of that sort of claim, and is economically just as wrong, and is the technophile's equivalent of that old folk's fallacy. It's a form of sunk investment fallacy that afflicts early adopters who remain stuck in nostalgia and ignore basic logic and economics.