To put the data another way, the majority chose a higher value. It's not clear that the equilibrium price and the mode are the same.
Re:Piracy is a Market Correction.
by mikedouglas on Sunday January 24, 2010 @11:28PM
(#1074396)
True, but 2D Boy should also be the exception when it comes to these "charitable" payments. They're a small indie game shop that produces top value content. How many of those >$1 payments would've disappeared if this was EA?
That may apply for you, but seems empirically false. Take, for instance, 2D Boy's recent "Pay Want You Want". The plurality[0] chose to give $0.01 (the lowest possible amount). I really have a hard time believing that $0.01 was anywhere near the maximum of what the average customer could afford, or valued the game at.
As long as it's without consequence and easy enough, people will take what they can. Leave a six-pack of beer in a communal college dorm and see how long it lasts, if you don't believe me.
[0]: http://2dboy.com/blog/wp-content/uploads/2009/10/histogram.p...