Saturday, January 8, 2011

Seahawks Upset!

You are probably thinking that I'm talking about the 41-36 victory over the Saints today.

Seahawks upset Super Bowl Champs 41-36

Nope. That's not it. The upset I am referring to came slightly sooner.

Seahawks fans not happy about beer prices

News that large beers sold at Qwest Field were actually the same size as small beers — but $1.25 more expensive — was met with shock and sometimes outrage by Seahawks fans before Saturday's NFL wild-card playoff game against the New Orleans Saints.

This is a huge blow to the believers in the efficient-market hypothesis.

The validity of the hypothesis has been questioned by critics who blame the belief in rational markets for much of the financial crisis of 2007–2010. Defenders of the EMH caution that conflating market stability with the EMH is unwarranted; when publicly available information is unstable, the market can be just as unstable.

Were the large and small beer cups available for public inspection the entire season? Or were they instead hidden away in the footnotes of a financial report? Perhaps we may never know!

In EMH's defense, the public was told that the large was large and that the small was small. That's something I guess. ;)

7 comments:

Stephen Clarke-Willson, Ph.D. said...

The joke is that both were large. Consumers won - beer error in their favor.

Stagflationary Mark said...

Stephen Clarke-Willson, Ph.D.,

That does indeed make it that much funnier.

When asked about his reaction to the news, Richard Conner, also from Puyallup, said it was "unethical. They're ripping people off."

Our state hasn't been around long enough to perfect this whole corruption thing yet apparently, lol.

Stagflationary Mark said...

This actually hits a bit close to home for me.

My former company was going through layoffs in the late 1990s. In order to boost morale they decided to offer free soda.

The way they did it ended up doing more harm than good.

1. They did not announce it. Therefore, those who found the free soda first began to hoard it.

2. They changed most of the vending machines to be free but took half of them out. This led to shortages, more hoarding, and actual turf wars.

3. They also only implemented the policy on 3 floors out of 4. The "evil" workers on the 4th floor quickly determined the power of the elevator though. Go figure!

What a cluster@#$% that was, lol.

It took weeks before things settled down. The employees were so distrustful that the new perk would vanish (and rightly so).

remy said...

Mark,

human instincts are hilarious to watch from a distance!!!

Stagflationary Mark said...

remy,

Indeed!

A friend and I in college went to see a movie.

There was one very long line (probably 100 deep). There was what looked to be another line but nobody was in it.

I held our place in line. He went to see what the problem was with the other line.

There was no problem. He bought our tickets. We walked right in, lol. No joke!

GawainsGhost said...

Well, a bottle of beer at Jerry World will cost you $8.00. A big pretzel, $10.00. A paper bowl of nachos, $15.00. Don't ask who much the angus burgers are.

I hate Jerry World.

Stagflationary Mark said...

GawainsGhost,

That would explain the following.

jerry world question

Some people are buying two tickets so they can back out to their car and tailgate (or go across the street to Jack in the Box). You can still come out cheaper and much better food.