Markets in Something
by Mr JugglesIt’s frequently said that you can’t get something for nothing. This is true. But what is the price of something? Difficult to know. This has been a market that lacked liquidity and price discovery.
Luckily, the Something Store has started making a market in somethings. You can buy as many as you like for $10 per something. I suspect they are capturing a large producer surplus here — somethings may well be worth less than $10 — but I nonetheless admire their willingness to make a market in something.
Recommendation: We’re still working on how to make a market in anything which seems to be a dangerous proposition. Something can be more valuable than anything, but in a discretionary context, anything is likely to be a lot more valuable than something. Nothing can actually be more valuable than anything or something. And then you bring everything into the equation and it’s worth either zero, infinity or negative infinity, and there is clearly a lot of science that needs to be done.
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Wow.
I’ve got nothing…
This is all very distressing- the following items are NOT SOMETHING-
http://www.somethingstore.com/somethingnot.html
basically anything you would actually want is not included!!!
Adult goods and services
Alcohol
Body parts
Drugs and drug paraphernalia
Drug test circumvention aids
Endangered or regulated species
Regulated financial products or services
Gaming/gambling
Miracle cures
Protected cultural items
Precious materials
Prescription drugs or pharmacies
Tobacco and cigarettes
Weapons
Wholesale currencymbling
Anal_yst, you should make a market in your nothing.
I’ll bid negative infinity…
*head explodes*
Nothing from nothing leaves nothing, had to do something, motherfucker punched you in the mouth
According to my model, if you divide something by everybody the result is zero … this is the prove that you should keep your something for you… unless you have everything than if you divide it by everyone you get something for everybody…
Here is the mathematical proof:
Something=10$
Everybody= 1.3 B people
Than 10/1.3B is aprox = 0….
If you have everything than everything= infinity
than infinity/everyone = something>10$ to everybody
HF, you forgot to multiply by pi
Mmm, pi.
Since pi=3.14…. I will instead multiply by adjusted pi or pi(e)
@ Hilt
The problem with market-making in Nothing, is that spreads for nothing, unsurprisingly, are essentially non-existent. Until we figure out a new profit mechanism, we will continue to do, you guessed it, nothing.
The fact that you can’t get something for nothing probably points to Something > Nothing.
But perhaps a whole lot of nothings can get you something, or Nothing x N >= Something, where N = a whole lot. Create a tradeable instrument based on N, and you can corner the market on both Nothings (which derives its value from N) AND Somethings.
Arbitrage theory dictates that Everything = {All Somethings} and hence you can actually deduce the value of Everything through the market price of N (which of course you would set).
Perhaps you can’t make a market in nothing – but a show about nothing could really be something.
I postulate that
something = E(price_of_underlying) + novelty_spread – lemon_premium
price_of_underlying is the randomly distributed market value of the unknown item;
novelty_spread is the subjective price of the “surprise”;
lemon_premium is the cost of the information asymmetry (see Akerlof, 1970).
The problem, I suspect is that for most people, the lemon premium is greater than the novelty. Is novelty a commodity in its own right? If I have lots already, it might depress the price I’m willing to pay for it at the margin. Does it leak away over time? I’m pretty sure there are no storage costs, unless people have to put up with a smug sort of aura 🙂
more research needed I think.
its because of conversations like this that we get all the ladies…
I’m pretty sure Seinfeld already came up with the idea about making a TV show about nothing.
A good way to monetize nothing would be to evaluate the total profits derived from the syndication of the show about nothing (sienfeld) and divide by the number of re-runs that have been aired (infinity). As you can see this approaches… nothing. It is clear by this proof that if the values of something, anything, and everything are all greater than zero, nothing is actually worth less than evrything, anything and something. Therefore nothing = nothing. That’s called math. just put the Nobel on my chair when they award it… thx
“Approaching nothing” is not the same as zero. Nice “proof” mathlete.
“Approaching nothing” is not the same as nothing. THAT is called math.
Not all somethings are worth the same (paper hat vs whistle).
Therefore we should group a whole bunch of somethings- tranche them and sell off the worthless somethings.
Continue a number of times and suddenly we have made something out of nothing.
mmmmm… i think someone may have beat me to this idea..