Re:Shrinkflation, SanDisk Style
by oneeyedpigeon on Wednesday February 15, 2023 @10:16AM
(#34804901)
The problem is that underestimating will cause fewer tickets to be sold.
I can imagine a perverse population of customers whose elasticity function prevents the estimate from ever being correct by always buying too many tickets.
Re:Shrinkflation, SanDisk Style
by mrguyorama on Wednesday February 15, 2023 @01:08PM
(#34808003)
A business being less successful if they don't misrepresent reality is perfectly fine to me.
> A business being less successful if they don't misrepresent reality is perfectly fine to me
We are talking about a state government backed lottery, not a business.
> I did not know that shit was estimated.
> If you don't know the answer, underestimate and overdeliver.
Make up your mind, is estimating bad or not? The example I gave isn’t the only possible outcome, some times it’s 1-2% more than quoted when more tickets were sold.
Re:Shrinkflation, SanDisk Style
by Nullabillity on Friday February 17, 2023 @09:57AM
(#34835360)
Err, what? I never posted that first quote?
And even then, it's perfectly consistent to say that estimating is only OK if it doesn't make you look better than reality.
If you don't know the answer, underestimate and overdeliver. Or consider whether you should be doing it in the first place.