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by akavi
4880 days ago
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Is there a name for the fallacy of ignoring marginal effects at the tail end of a probability distribution? I see it here incredibly frequently. There will almost certainly be some number of people who would have stopped by Amazon right now and made some impulse purchases. At the scale Amazon operates, the increase in inconvenience to push off the marginal purchase as a function of inconvenience is almost certainly miniscule (See frequent reports on how milliseconds of page load time affect the likelihood of purchase) |
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(Surely there's some loss from being down, but it's not a simple loss = current order rate * downtime argument).