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Recently by CreateAlpha
4 train going downtown..a young man of around 16 gets on and says "Candy..starburst, M&Ms, Skittles...One Dollar. Ladies and Gentlemen, I am selling Candy to buy uniform for my basketball team"
I look up and can't believe the kid is lying. He is 5'6" tall at best..a little pudgy to boot. There is no way he is on a basketball team.
Me: "Yo Kid, where do you play"
Kid: "err..highschool"
Me: "which highschool?"
Kid: "Rice"
Me: "in the Bronx?"
Kid: "yeah.."
Me: "why are you selling candy here if your school is in the Bronx? And aren't uniforms provided by the school?"
Kid: "you gonna buy Candy or not?"
Me: "you don;t play ball at all..do you?"
Kid (lookign around with a sheepish grin):.."anyone want Candy..One Dollar..Starburst, M&M's Skittles"
Me: "tell ya what kid..I will give you 10 bucks and will take no candy, if you tell me the truth"
Kid: "get out of here man..you crazy"
Me: "I am serious...10 bucks..tell me the truth"
Kid: " aight man..I don;t play ball..just trying to make some cash"
Me: "why not just say so?"
Kid: "I know..but..em.."
Me: "Let me give you a lesson in Economics, you are selling a product and asking for value for that product. That is enough...Most people woudl buy the product, because they want it..regardless of the reason why you are selling it"
Kid: "I know man.."
Me: " just say you are selling candy for one dollar..people will still buy it and you won;t have to lie"
Kid: "aight man..."
Me; "take Care"
Kid: "you got that ten dollars"
A future entreprenuer in the making....
add to my favorite ilogs
flag objectionable content
but then econometrics is every thing and nothing!!!!
we just ASSUME that it works..and it works on assumptions...!!
CreateAlpha
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