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Amazon Accidentally Sold $13k Camera Gear for $100 on Prime Day

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Re: Amazon Accidentally Sold $13k Camera Gear for $100 on Prime Day

#441
post #398

Earlier quoted context omitted.

Right, and it's not morally wrong for a mosquito to bite you, and no one would say that the bug "should have known better", but we do our best to prevent it anyway. Both entities will go precisely as far as we allow them to.

When companies like Amazon do things that are morally wrong, you never see people making this claim that moral concepts don't apply to companies. They only say it when it's convenient for them (i.e., when they want to take advantage of Amazon rather than vice versa). To compare a company's actions to those of a mosquito strikes me as quite silly. Amazon is run by people who make conscious choices and who are responsi…

>When companies like Amazon do things that are morally wrong, you never see people making this claim that moral concepts don't apply to companies.

I see this all the time on HN.

Re: Amazon Accidentally Sold $13k Camera Gear for $100 on Prime Day

#442
post #288

It’s kind of interesting- the asymmetry of moral expectations and entitlement. If you accidentally purchased a bag of M&Ms from Amazon for 500 dollars instead of 5, they will let you undo it. On the other hand, if the matter is reversed, Amazon is expected to be a good sport and take the loss — even if the purchase was made in bad faith (ie- knowing Amazon mis-priced it but purchasing it anyways.) I’m not going to en…

> It’s kind of interesting- the asymmetry of moral expectations and entitlement. First, there is an asymmetry in power too. Amazon can afford to double check or triple check everything if it makes economic sense. Secondly, companies does not have morals. If you allow big corporations to change prices as they see fit because there is a "mistake". Companies will exploit that to their advantage with psychopathic precisi…

I agree with both you and parent. People are uncomfortably inconsistent. If a certain rule benefits them then they'll favor it ... right until the rule becomes a problem for them or favors their adversary. Normally, I see this when people talk about their politics.

On the other hand, Amazon has an unbelievable amount of power. And I think things would be a lot better if we as a society applied the spider-man rule. With great power. If a small mom and pop makes this sort of mistake, then I'm all for them correcting it and not giving away $13K equipment for $100. Maybe they were doing it maliciously, but because of how small they are the scope of their malice can only affect a small number of people. On the other hand, Amazon has the power of a first world nation state. If they make a mistake, innocently or maliciously, then the scope can affect a lot of people. Yeah, you messed up Amazon. Don't export the cost of failure onto people without the power to fight it. Pay for it yourself with your considerable resources and then resolve the issue with your considerable resources such that you don't make the mistake again.

EDIT: Mom and pop might not have the resources to cover their mistake AND they might not have the resources to reasonably prevent it from happening again. And because of their lack of resources they are also on a level playing field with their customers. So if their customers feel that what was done to them was wrong, then they can reasonably challenge mom and pop in court. On the other hand, if Amazon decides that their customers are going to lose in court, then their customers are going to lose in court.

Re: Amazon Accidentally Sold $13k Camera Gear for $100 on Prime Day

#443
post #81
post #6

I like the comment suggesting articles like that being banned. That lens has been one of my dreams for years now for birding. Though 800mm is kinda ridiculous and probably impossible to hand hold. I did nearly get lucky like this some years back when Walmart $100 gift cards were on sale for $10. All my orders were cancelled. It seems like several of these Amazon orders have been delivered.

Yeah normally I don't care about this or that hot deal, but as a fellow birder seeing the 800mm was a gut punch. (I don't think anyone handholds that one, at least not long)

I've been kicking around ideas on how to save up for one of those L lenses. At $20 a month it would take me about 7 years to save up for the 100-400 model. Maybe getting something used from a lens rental service might be a better shot.

Re: Amazon Accidentally Sold $13k Camera Gear for $100 on Prime Day

#445
post #436

Earlier quoted context omitted.

Forced because of their competitors. Obligated for legal reasons.

Neither is true. Corporations are not fiduciaries for their shareholders and they do not have a fiduciary obligation to maximize shareholder value or even to protect their shareholders' investments. The board of a corporation is tasked with protecting the shareholders' investments by overseeing the selection of a CEO and corporate structural issues. And that's it.

> The board of a corporation is tasked with protecting the shareholders' investments by overseeing the selection of a CEO and corporate structural issues. And that's it.

Right. So they have a duty to select a CEO who doesn't enable the unnecessary waste of corporate money on optional taxes.

Re: Amazon Accidentally Sold $13k Camera Gear for $100 on Prime Day

#446

It’s kind of interesting- the asymmetry of moral expectations and entitlement. If you accidentally purchased a bag of M&Ms from Amazon for 500 dollars instead of 5, they will let you undo it. On the other hand, if the matter is reversed, Amazon is expected to be a good sport and take the loss — even if the purchase was made in bad faith (ie- knowing Amazon mis-priced it but purchasing it anyways.) I’m not going to en…

The counter argument that you are not entertaining is precisely the argument that you should entertain. This behavior is called tit for tat and it is often the optimal strategy in many game theory situations. There are some evidence that people behave according to tit for tat, that is they are more likely to take advantage of an actor that has previously acted in bad faith.

I don’t think this is a demonstration of how frail people’s morality is. But rather yet another demonstration that peoples morality can be explained in big part by game theory.

Re: Amazon Accidentally Sold $13k Camera Gear for $100 on Prime Day

#447

Earlier quoted context omitted.

To me is the first time i hear about it.

I still do not know what it is :/

Its one of those gimmick sale days like "Black Friday", "Cyber Monday", "Back to School Blowout", etc. The only difference is the sales have historically just been on junk[1] rather than desirable items.

[1] Unless you are the type who needs a 55 gallons jug of lube. https://observer.com/2015/07/at-1k-55-gallon-bottle-of-lube-...

Re: Amazon Accidentally Sold $13k Camera Gear for $100 on Prime Day

#448
post #242

Earlier quoted context omitted.

Amazon is a professional seller, they should know better. Buyers are not professionals, they shouldn't have to. Depending on the country this is even enshrined in law (e.g. customer protection laws against accidental buying).

He's talking about it from the moral standpoint. Most customers will be able to tell that something is off when camera gear is that cheap.

> Most customers will be able to tell that something is off when camera gear is that cheap.

It's Amazon, I expect them not to make any mistake. Theses prices are crazy, but they advertise Prime Day as a day of crazy deals.

Re: Amazon Accidentally Sold $13k Camera Gear for $100 on Prime Day

#449
post #429

Earlier quoted context omitted.

Nope, but I do note in an app every time I make a transaction, and on which account it was charged to. At the end of the statement month, I can compare totals, and if they match, I don't need to review anything else. Maintaining any kind of budget requires tracking spending, so this isn't really a big deal if you practice any kind of proactive financial management.

It sounds like you are saying you essentially keep your own personal ledger of every charge you make, and then reconcile the total against the statement each month. When I did this using MS Money or Quicken years ago, it took so much time to reconcile each month that I eventually gave up. And that was with automatically downloading transactions! The idea that you could do this in a notes app and actually end up with…

It's honestly trivial for me. I use a budgeting app (YNAB) that downloads transactions daily, and spend maybe 15 minutes a week total on it. I don't even record most transactions on the fly, but I know where we've used our cards and 95% of transactions I can quickly verify as correct.

That said, the frequent download is a crucial part. If I had to do this on a monthly basis it would be much harder because I'd have to put in an hour of work all at once.

Re: Amazon Accidentally Sold $13k Camera Gear for $100 on Prime Day

#450

It’s kind of interesting- the asymmetry of moral expectations and entitlement. If you accidentally purchased a bag of M&Ms from Amazon for 500 dollars instead of 5, they will let you undo it. On the other hand, if the matter is reversed, Amazon is expected to be a good sport and take the loss — even if the purchase was made in bad faith (ie- knowing Amazon mis-priced it but purchasing it anyways.) I’m not going to en…

I don't believe the asymmetry here is because of morals or entitlement.

Amazon is the one that advertizes the price. Once it's advertised and a transaction has been completed, that's a contract. That contract includes the possibility of returns because they compete in the retail space, where there is an asymmetry in that the company has had ample opportunity to evaluate the product and price it accordingly, but the customer doesn't otherwise have much to evaluate on. If Amazon does this at such an astronomical scale that they don't notice a big price discrepancy, that's the cost of operating such an astronomical scale. They still made the contract - and it was even their lawyers who wrote the contract and spend hours poring over it. If I order truck loads of landscaping material to be delivered to my house and I later learn that it wasn't such a great price, you better believe I'm now stuck with that material and the bill.

I actually had a similar event happen in a real-world retail store. They were advertising frozen chickens for an absurdly low price. I checked with an employee that the price listed was not a mistake - they said it was correct. I grabbed a manager, and checked that the price listed was not a mistake - they said it was correct. I took 2 cart loads of frozen chickens to the front of the store - and they didn't notice the price was absurdly low until I had already swiped my credit card and the cashier was telling me the total. By the time she grabbed a manager, the transaction was complete, and the same manager who confirmed the price now told me it was a mistake. Fuck them - they listed the price, I checked, I finalized the transaction.

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