Quote:
Originally Posted by howyoudoin
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.
|
No, it's not. New technology doesn't just appear with massive factory lines and a well-tuned manufacturing process. You start small and cheap in production, and bootstrap your way up to larger and more efficient processes based on sales from earlier products. So, when someone tells you that early ereaders cost $350 each, they are saying that you shouldn't expect an ereader based on new technology to be cheap.