jeremydeanlakey's comments

jeremydeanlakey | 6 years ago | on: Age Discrimination at Work

Here in the US, we had a candidate include a picture of himself... wearing a captain hat and striking a dramatic pose. He said he put it there to filter out the wrong kind of companies. We hired him.

jeremydeanlakey | 6 years ago | on: Civic honesty around the globe

At first I thought it was counterintuitive.

But after self-reflection, I'm more likely to report it if it did have money.

If it had money, I'd feel an obligation to protect it and return it to the owner. If it didn't, I'd feel more like it's their problem.

jeremydeanlakey | 6 years ago | on: Gmail Experiencing Issues

The doors at my work open with an app. It connects through the internet.

My phone switches from mobile data to wifi as I get near the door, causing a several second wait. Now I hit the button before I reach the wifi and then run to the door to try to get it before it locks again.

Hopefully we never lose internet...

jeremydeanlakey | 7 years ago | on: Advice to a Young Tradesman (1748)

> The most trifling Actions that affect a Man’s Credit, are to be regarded. The Sound of your Hammer at Five in the Morning or Nine at Night, heard by a Creditor, makes him easy Six Months longer.

> never keep borrow’d Money an Hour beyond the Time you promis’d, lest a Disappointment shuts up your Friends Purse forever.

> the good Paymaster is Lord of another Man’s Purse. He that is known to pay punctually and exactly to the Time he promises, may at any Time, and on any Occasion, raise all the Money his Friends can spare.

> Creditors are a kind of People, that have the sharpest Eyes and Ears, as well as the best Memories of any in the World.

Credit scores have replaced reputation and credit has become very impersonal. Interestingly, most of this seems more applicable than ever... with the exception of banging your hammer at 5 am.

jeremydeanlakey | 7 years ago | on: Addressing Spotify’s Claims

> It’s nothing but a minor inconvenience to switch between android and iOS.

Switching includes spending hundreds of dollars plus hours to setup and figure things out plus several days of frustrating adjustments.

You might call that a "minor inconvenience". It certainly is more minor than my examples above. But that absolutely is enough to separate the two app markets. Virtually nobody will switch systems for an app.

jeremydeanlakey | 7 years ago | on: Addressing Spotify’s Claims

If the products aren't interchangeable, then they are separate markets. Someone in the market for a part that fits a Ford can't solve their problem by buying the similar part that only fits a Chevy. Likewise, he can't but a new tire to replace a carburator. The tire and carburator are also in separate markets.

However, he can buy an aftermarket part. It's a different product but the same market. So they don't have a monopoly.

I don't know much about antitrust law so I can't comment on that But I do understand basic economics. And from an economic perspective, Apple most definitely created a monopoly which they most definitely use for rent seeking.

jeremydeanlakey | 7 years ago | on: Addressing Spotify’s Claims

Your argument relies on combining the markets for iOS and Android apps into a single market. These are separate markets because you can't put an Android app on iPhone or an iOS app on Android.

If iOS had 100% share, you probably wouldn't say it doesn't have a monopoly on apps because you can just use desktop apps instead.

I also wouldn't say Comcast doesn't have a monopoly because they only have xx% share and you can move to a different state or country and get another provider. Or use your phone for internet instead.

> Ease of customer switching argument

This is confusing the consumer market for smartphones and the markets for distribution of smartphone app.

> Supply-Side Price elasticity argument

Yeah, if any monopoly's cut is too high, you can exit the market. This is not an argument that the monopoly is not a monopoly. This only means there is a limit to the monopoly's power.

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