I. PRE-SALE TICKETS -- 3,000 TICKETS SOLD VIA RANDOM SELECTION NOV/DEC 2011 -- $420 + s/h -- LIMIT 4 PER PERSON
A Pre-Sale round will be conducted in November/December 2011:
• Participants seeking early access to full price tickets can register for the Pre-Sale during a two-week period from November 28 until December 11, 2011 (at 11:59pm PST).
• Entrants will need to provide a valid credit or debit card number at the time of registration.
• On or before December 19, a random drawing from the pool of entrants will be conducted to award 3,000 tickets at a Pre-Sale price of $420.
• If you are awarded tickets, your credit card will be charged for the total amount of your tickets at that time.
• Those who are awarded tickets will receive notification via email that their credit cards have been charged for their tickets, along with a gift certificate suitable for printing.
• Any entrants who do not receive one of these Pre-Sale Tickets will automatically be entered into the Main Sale.
weather man wrote:Registration for the random selection Pre-Sale round of the $420 "gift certificates suitable for printing" begins in...4 business days.
The plan has been presented.I guess they've got a switch ready to throw. Let's get this show on the road!
theCryptofishist wrote:Given what I've heard about your sister, the choice is obvious.
ygmir wrote:theCryptofishist wrote:Given what I've heard about your sister, the choice is obvious.
If I said that, it'd sound tacky...........
theCryptofishist wrote:ygmir wrote:theCryptofishist wrote:Given what I've heard about your sister, the choice is obvious.
If I said that, it'd sound tacky...........
Oh, it sounds tacky when I say it too.
bradtem wrote:One could view the pre-sale tickets as just $30 more than the tier 3 tickets.
However, if you buy a $420 ticket it costs $420.
A main sale ticket has what we in math call an expected value. The average buyer will pay $326.25 for a ticket. Nobody pays that exactly, it's a gamble with different odds you will pay the different amounts. So from a logical standpoint, you should consider a pre-sale ticket as costing $93 more than a main sale ticket with a $390 max bid. Strictly speaking, the expected value is a bit different but we can't predict the numbers. That's because a $420 bid that fails becomes an automatic $390 entry in the main sale, so your expected value is the probability of winning in the pre-sale * 420 plus the inverse of that probability * $326.25. Or to get very fancy, you might not win in the main sale but again we don't know the odds of that. Bizarrely, if you lose the pre-sale but win the main sale you actually turn out better off. But it's likely a main sale ticket should be viewed as having a larger than $30 premium over the main sale.
trilobyte wrote:And of course, remember that the proceeds of the premium-priced pre-sale tickets go to help provide more low income ticket opportunities. So if you really don't mind paying a little more to help your fellow burner (instead of funding a cheap ticket for some dude who camped on their computer and got lucky during the on-sale), now's your chance.
bradtem wrote:One could view the pre-sale tickets as just $30 more than the tier 3 tickets.
However, if you buy a $420 ticket it costs $420.
A main sale ticket has what we in math call an expected value. The average buyer will pay $326.25 for a ticket. Nobody pays that exactly, it's a gamble with different odds you will pay the different amounts. So from a logical standpoint, you should consider a pre-sale ticket as costing $93 more than a main sale ticket with a $390 max bid. Strictly speaking, the expected value is a bit different but we can't predict the numbers. That's because a $420 bid that fails becomes an automatic $390 entry in the main sale, so your expected value is the probability of winning in the pre-sale * 420 plus the inverse of that probability * $326.25. Or to get very fancy, you might not win in the main sale but again we don't know the odds of that. Bizarrely, if you lose the pre-sale but win the main sale you actually turn out better off. But it's likely a main sale ticket should be viewed as having a larger than $30 premium over the main sale.
graidawg wrote:bradtem wrote:One could view the pre-sale tickets as just $30 more than the tier 3 tickets.
However, if you buy a $420 ticket it costs $420.
A main sale ticket has what we in math call an expected value. The average buyer will pay $326.25 for a ticket. Nobody pays that exactly, it's a gamble with different odds you will pay the different amounts. So from a logical standpoint, you should consider a pre-sale ticket as costing $93 more than a main sale ticket with a $390 max bid. Strictly speaking, the expected value is a bit different but we can't predict the numbers. That's because a $420 bid that fails becomes an automatic $390 entry in the main sale, so your expected value is the probability of winning in the pre-sale * 420 plus the inverse of that probability * $326.25. Or to get very fancy, you might not win in the main sale but again we don't know the odds of that. Bizarrely, if you lose the pre-sale but win the main sale you actually turn out better off. But it's likely a main sale ticket should be viewed as having a larger than $30 premium over the main sale.
can you say that again slowly and in english please?

Savannah wrote:It sounds freaky & wrong, so you need to do it.
graidawg wrote:
can you say that again slowly and in english please?
bradtem wrote:Take simple gambling. If I offer you a coin toss where I pay you $1 for heads and $2 for tails, the break-even price for you to bet would be $1.50. That's because after 10 tosses you are going to pay $15 and probably get back $15. The "expected value" of each toss is $1.50. If I let you do it for less than $1.50 it's a win, if I charge more (like a Casino does) it's a loss. When you see slot machines advertise "98% payback" it means the expected value from a bet is 98 cents on the dollar, even though no given bet returns that.
MyDearFriend wrote:I can't believe I'm taking shit from a meat-cake-with-teeth. :lol:
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