Quote:
Originally Posted by Wittgenheiny
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Like I said, this isn't about business, fundamentals, or bubbles anymore. I bought shares in GME today knowing I am going to lose money on them just so shorters and call writers can't buy them to cover. Millions of people are doing the exact same thing. Explain that with your equilibrium pricing models.
Bingo. There's this classic psychology experiment called the Ultimatum Game.
Person A gets to make an offer to split say $100 how ever they want with person B.
Person B can accept the offer which result in A and B getting the split per what A offered.
Person B can reject and both A and B gets nothing.
Rationally speaking,
If A offer 50 50 split. B snaps accept.
If A offers 100 to A and 0 to B, B snaps reject to screw A.
If A offers 99 to A and 1 to B, B rationally should accept since 1 is better than 0.
But you now already can guess what the answer is... The breaking point is around 70 30 split.
The 29 points difference between 30 and 1 for B is the Quantification of JUSTICE.
This is why the masses is buying GME.