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Christopher Kaczmarczyk-Smith's avatar

Love this piece! I have a proposal on how we could see price discovery. Suppose you have a very rare card that's worth 3 of another card. So, in your example, 3 Pikachu for 1 Charizard. You exchange the first Pikachu for a worthless card (basically zero value), second is also traded for a worthless card. On the final trade you exchange the 3rd Pikachu for the 1 Charizard.

But even if people do this, an economist could never realistically measure the value of the cards. "Why does Pikachu sometimes go for a whole Charizard but other times go for nothing?"

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