Earlier quoted context omitted.
As an economics grad, I always wondered why online reviews existed at all. There's no skin in the game for anyone. If your neighbor recommends you a crap lawnmower, he'll have to explain to you why he thought it was good. You can ask him questions and compare his motivations to yours. He'll also end up living next to a badly mowed lawn if he doesn't put some work into it. The seller has every reason to pay people to…
> My personal experience with Amazon is that it's the shop to go to for stuff that is ok if it is broken. If I buy a cable for £10, and there's a 10% chance it's faulty, it's not a huge problem for me. I'm rather surprised at that, from someone who claims to be an economic grad. First of all, you must realize that that 10% isn't stable: the "Market for Lemons" effect will guarantee that if nothing is done to stop it,…
Are you sure? Is this ergodic? Does the ensemble average predict the time-series average?