Re:Why do people waste so much time at work?
by juliangregorian on Tuesday May 26, 2015 @11:42AM
(#9605515)
Re:Why do people waste so much time at work?
by jfuhrman on Tuesday May 26, 2015 @12:19PM
(#9605743)
Thanks. In that case, isn't someone taking on risk by moving coupons around?
Re:Why do people waste so much time at work?
by juliangregorian on Tuesday May 26, 2015 @12:48PM
(#9605944)
It seems like they're talking about arbitrage, in which case there's essentially no risk involved, as the whole game is exploiting momentary differences in bid/ask price at different exchanges.
If you're talking about grocery store coupons, then that guy has absolutely earned the gains. Coupons are a form of price discrimination, i.e sell at a higher margin to people with a lot of money and less time but not lose the guy who has less money but more time on his hands. The stores do not sell below cost except for a few loss leaders, so the potato grower is still making a sale that might not have happened without the guy going coupon hunting.