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Displaying (5) Comments | Comment on this piece | Report objectionable art
mmm yes indeed..lol. Thankyou Joanna, alyaws nice to get a reply. You are going to love my next story, I go from 4 star to Zero star. Stay tunned LOL.
By: | Oct 11, 2015 | Report Comment
To: Kary L. KrismerRegarding desperate selrels.Sniglet posts about his job search in this thread. He also has a pod cast, which I plan to listen to hear his perspective, but I have not done so yet.Speaking in general, the unemployed person with insurance, in other words some pay, is a lot less desperate than the person with no pay, yet the both compete in the same market. As the unemployment benefits get closer to the end, the bargaining position of the unemployed person is less and less.Also note that the unemployment insurance allows a person to decline a much lower paying job, yet a job that pays near the old rate must be taken for continued unemployment insurance qualification. In other words, a low offer will probably be refused, at least initially, but as time goes on, expectations may change. The desire of the unemployed person to sell his or her services is very similar to the desire of the home seller to sell his or her home. If you find that perfect match right away, the unemployed is in great shape, but what are the chances of that? In a hot market the chances of finding an approximate match are much better than in a cold market.I was tracking a few of the automotive parts suppliers close up shop in Michigan. One had 400 employees. A few of those 400 found something new right away, but on the other side, a few might still be unemployed. It's about the same in housing. 400 new homes come on the market. A few sell right away, yet others linger on and on. If there is a problem, a good match is hard to find.When an offer comes in, one must always ask if the NPV to decline is positive. There are some who will always take the sure thing, even at the expense of a possible big benefit. Finding a much better position could pay off, if it is found. Is it worth the risk.That brings up another thing that is very interesting. Risk tolerance.If I offer you $100 or 50/50 at $200, which would you take?If I offer you $10,000, of $2^n where n is the number of fair coin flips until a head shows up, which would you take?In other words, if the first toss is heads, you get $2.If the first toss is tails, but the second toss is heads, you get $4If the first and second toss are both tails, but the third toss is heads, you get $8and so on.In the second example, I am yet to find a single unknowing person take the $2^n coin toss option. In fact, many knowing people would rather take the $10,000, yet clearly an unbounded opportunity has a much greater than $10,000 expected value.Why is it so many people want the $10,000 when the expected payoff is much higher going with the coin tosses?For those who want the expected value computation of the coin toss option:On the first toss there is a 50% that the game ends, and a 50% that it continues.The same is true on every individual toss, as coins do not have memory, but the chances of stopping on a given level are 1:2^n (1/2 the first round, 1/4 the second round, 1/8 the third round )Expected value:$2 * 1/2 + $4 * 1/4 + $8 * 1/8 + =$1+$1+$1+ = $oo($infinite)Note that 1/2+1/4+1/8+ = 100% Rate this comment: 0 0
By: | Sep 25, 2015 | Report Comment
1
By: | Aug 13, 2015 | Report Comment
-1'
By: | Aug 13, 2015 | Report Comment
By :By :RE: Depends on how motivated the selelr is. A very unmotivated selelr would not take it as stressful!I guess it depends on what you mean by motivated. If you mean they need to sell quickly, then yes. But there's more to the stress than need to sell. Having to clean up each day before you leave. Having to get out on 10 minutes notice when someone calls. Having to leave your drapes open and lights on, if that's not your typical habit. Concern about pets inside or outside the house. If you're not worried about (and/or not doing) any of those things, then it wouldn't be stressful.BTW, that's another one of the impact issues. Leave the dirty dishes in the sink one day and that could be the pet peeve of the potential buyer who would have otherwise bought your house. It doesn't matter that every other day the sink was spotless.I am going to suggest that an unmotivated selelr isn't really that concerned about any of that. You will recognize when the selelr gets motivated by when these things become more important.Did the dirty dishes peeve the buyer, or did the buyer think the selelr was not motivated? Rate this comment: 0 0
By: | Jul 08, 2015 | Report Comment
He 162 Salamander
hector | Region 4
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