Follow Slashdot blog updates by subscribing to our blog RSS feed

 



Forgot your password?
typodupeerror
×

Comment Re:Interstitials - on mobile! (Score 1) 199

Every once in a while an auto playing video comes up. I didn't even knew it was possible, first time it ever came to me in an ad, many years, several iterations of IOS and slashdot was the first site to show me an auto playing video ad on mobile. On a limited plan 3G connection!

I think you should seriously consider using an ad-blocker. In instances like this where a site is both being abusive (showing ads after you've paid to block them) & knowingly wasting a limitied resource (mobile battery & bandwidth), there is no moral quandry. Block them.

Comment Re:CEO in a Bubble (Score 1) 190

Overpriced because the executives are too stupid to know how to price a tiny commuter car so that it sells like hotcakes.

No automaker wins a race to the bottom. Every automaker wins a race to the top, because there's more profit on cars with added bullshit. They don't particularly care about the people.

Comment Re:Even more citations (Score 1) 185

Well, whether the situation fits the various definitions is a judgment call. It depends on whether you perceive what the property company is doing as productive, or exploiting their middleman position to extort fees they've done nothing to earn -- an activity which would fit all the definitions I listed. I'll leave that up to other readers, since we clearly differ on issues of substance as well as terminology.

a person who displays or demands of others pointlessly precise conformity, fussiness about trivialities, or exaggerated propriety, especially in a self-righteous or irritating manner

There is nothing "frivolous" about being clear when making economic and political statements,

Says the person who draws a distinction between "rent seeking" and "business decisions", as if one were not an instance of the other.

I see irony is not one of your strong suits.

Comment Re:He also forgot to mention... (Score 2) 343

Ok, and how many customers do you think are cancelling their internet service with Comcast just because of Netflix?

Very few, because of those who would consider it, few have any credible options, and many have no options.

You realize this is how the internet has worked since the NSF stopped off, yes?

Yes. And it has been a point of contention all along.

Comment Even more citations (Score 1) 185

I'm back at my computer so here you go:

"Rent seeking is the socially costly pursuit of wealth transfers" -- The Encyclopedia of Public Choice, Rowley, Charles, Schneider, Friedrich (Eds.), Springer-Verlag 2003.

"Definition of 'Rent-Seeking' When a company, organization or individual uses their resources to obtain an economic gain from others without reciprocating any benefits back to society through wealth creation." -- Investopedia, http://www.investopedia.com/te..., Accessed June 1 2014.

"The idea that resources are unproductively used in rent-seeking contests has much broader application than the original rent-seeking papers suggested[emphasis mine] The rent-seeking logic has been applied to issues in history, sociology, anthropology, biology and philosophy. The core has also been formalized and analyzed more rigorously, using the tools of modern game theory. The modern rent-seeking literature describes the rational decision to invest in contesting pre-existing wealth or income, rather than undertaking productive activity. [emphasis mine]" -- Congleton, Roger D., Arye L. Hillman, and Kai A. Konrad. "Forty years of research on rent seeking: an overview." The Theory of Rent Seeking: Forty Years of Research 1 (2008).

In other words while rent-seeking in the sense of Anne Krueger's 1974 paper still continues to be an active area of research, the term is used differently in wider areas of economic research.

Oh, yes, and one more citation for you:

"prig (n.): a person who displays or demands of others pointlessly precise conformity, fussiness about trivialities, or exaggerated propriety, especially in a self-righteous or irritating manner." -- "prig." Dictionary.com Unabridged. Random House, Inc. 01 Jun. 2014. http://dictionary.reference.co...>.

Comment Re:what's wrong with public transportation? (Score 1) 190

Agreed. But then all these Internet Addicts would have to actually SIT NEXT TO SOMEONE!!! Eeeew! The KOOTIES!!!!

Not necessarily.

(crap, mylkeyboard ls now spewlng spuriouls pipe chalacters. sletimes in place lf a keystloke, somelimes jsut lxt to onl. lhis islabout thelweirdestlkeyboard flailure I'le ever exlerienced.l)

Comment Citation provided (Score 1) 185

Rent-seeking

Cutting yourself a bigger slice of the cake rather than making the cake bigger. Trying to make more money without producing more for customers. Classic examples of rent-seeking, a phrase coined by an economist, Gordon Tullock, include:

a protection racket, in which the gang takes a cut from the shopkeeper's PROFIT;
a CARTEL of FIRMS agreeing to raise PRICES;
a UNION demanding higher WAGES without offering any increase in PRODUCTIVITY;
lobbying the GOVERNMENT for tax, spending or regulatory policies that benefit the lobbyists at the expense of taxpayers or consumers or some other rivals.
Whether legal or illegal, as they do not create any value, rent-seeking activities can impose large costs on an economy.

Source The Economist Magazine Dictionary of Economic Terms. I can cite many other sources, but I'm posting this from a phone so you can Google them yourself.

The Wikipedia article is about the rent seeking as described in Anne Kreuger's well-known 1974 paper. However that is only one example of how investors attempt to seek higher than normal profits without creating any utility, which is the more general sense of the word.

Comment Re:Never mind toys like this. I want a tricorder. (Score 3, Informative) 65

You can buy a sensor package for your handheld now (there are others, this is just the first one I searched up and it looks pretty nice) but it's probably going to be more than a decade before you're going to get a terahertz scanner or anything else that interesting for a tolerable, pocketable price.

Comment Re: Why Non-commercial? (Score 1) 65

Is Big Bird's Hide and Speak playable yet?

Is that what the pedants are playing these days? Or are we talking about handing it off to a child? Flawlessly is a bit of a strong word, but a classic DS (I prefer the larger size) with an Acekard (I have the 4i) is a pretty nice way to play a whole lot of classic games. If only the included browser were worth anything, it would really still be a cool platform for more than just games. You can build your own web gateways to give the browser purpose, but that seems excessive.

Comment Re:Why Non-commercial? (Score 3, Interesting) 65

To be honest, the Pandora actually looked pretty good when it was announced and still fairly passable when it was released. Nowadays it's decidedly unimpressive for it's price, though.

Yes, it looked really good to me, too. However, I stopped short of preordering, because it didn't look credible. I was entirely correct. They never managed to produce enough units in order to build a healthy community.

Slashdot Top Deals

Everybody likes a kidder, but nobody lends him money. -- Arthur Miller

Working...