Yep. The more that buy the higher the price and the more that sell the lower it goes.
I can't wait for the International Break....
Yep. The more that buy the higher the price and the more that sell the lower it goes.
for someone who repeatedly tells everyone to read their posts...Finisher1 wrote: ↑15 Aug 2019, 14:07So now we agree prices are not determined by supply and demand.raoul wrote: ↑15 Aug 2019, 14:05 the issue here is the word supply, and a habit of questioning what a word literally means rather than the underlying principle under discussion.
If I sell a player I am, by definition, supplying him. The fact I am not supplying the player back into a limited pool of that player does not change the fact I am supplying him. I agree that this is unrelated to demand, as in this market the ability to demand and the ability to supply are unrelated. Anyone willing to pay the price can buy Salah, irrespective of whether others have sold him.
However, the algorithm is assuming a market and if enough people sell (i.e. supply) a player, the price falls.
Same principle, but artificially being mimicked by the algorithm. Selling = supply = pushes price down.
FPL prices are not determined by supply and demand. FPL prices are determined by the secret price change algorithm which is based on transfer volumes.raoul wrote: ↑15 Aug 2019, 14:36for someone who repeatedly tells everyone to read their posts...Finisher1 wrote: ↑15 Aug 2019, 14:07So now we agree prices are not determined by supply and demand.raoul wrote: ↑15 Aug 2019, 14:05 the issue here is the word supply, and a habit of questioning what a word literally means rather than the underlying principle under discussion.
If I sell a player I am, by definition, supplying him. The fact I am not supplying the player back into a limited pool of that player does not change the fact I am supplying him. I agree that this is unrelated to demand, as in this market the ability to demand and the ability to supply are unrelated. Anyone willing to pay the price can buy Salah, irrespective of whether others have sold him.
However, the algorithm is assuming a market and if enough people sell (i.e. supply) a player, the price falls.
Same principle, but artificially being mimicked by the algorithm. Selling = supply = pushes price down.
No, they don't. The secret price change algorithm which is based on transfer volumes has nothing to with the concept of supply and demand. Here is a brief introduction to the concept of supply and demand, please read it so you know what you are talking about:
I think TP has provided the thread summary I asked for!Tall Paul wrote:
if I can find an experienced Economics lecturer to agree with my analysis, would you believe them over your interpretation of Wikipedia?Finisher1 wrote: ↑15 Aug 2019, 14:54No, they don't. The secret price change algorithm which is based on transfer volumes has nothing to with the concept of supply and demand. Here is a brief introduction to the concept of supply and demand, please read it so you know what you are talking about:
https://en.wikipedia.org/wiki/Supply_and_demand
Just drop it, please. Move on man.raoul wrote: ↑15 Aug 2019, 15:55if I can find an experienced Economics lecturer to agree with my analysis, would you believe them over your interpretation of Wikipedia?Finisher1 wrote: ↑15 Aug 2019, 14:54No, they don't. The secret price change algorithm which is based on transfer volumes has nothing to with the concept of supply and demand. Here is a brief introduction to the concept of supply and demand, please read it so you know what you are talking about:
https://en.wikipedia.org/wiki/Supply_and_demand
Like I replied to your previous PB-trademark-cheap-sarcastic-oneliner: if I sometimes argue with facts and say something that is factually wrong, I will drop it. I asked you to point me when I have done such things but you failed to do it.
The unfortunate issue here is you are saying things about economics which are either plain wrong, or only part of the whole truth.Finisher1 wrote: ↑15 Aug 2019, 16:26Like I replied to your previous PB-trademark-cheap-sarcastic-oneliner: if I sometimes argue with facts and say something that is factually wrong, I will drop it. I asked you to point me when I have done such things but you failed to do it.
I'm saying FPL prices are not determined by the concept of supply and demand. So let's move on now, both of us. I'm fed up with this.raoul wrote: ↑15 Aug 2019, 16:56The unfortunate issue here is you are saying things about economics which are either plain wrong, or only part of the whole truth.Finisher1 wrote: ↑15 Aug 2019, 16:26Like I replied to your previous PB-trademark-cheap-sarcastic-oneliner: if I sometimes argue with facts and say something that is factually wrong, I will drop it. I asked you to point me when I have done such things but you failed to do it.
Started what exactly?
Nobody knows what time they do happen, have happened or will happen. It's a secret. Stumbling inadvertently on this secret might well be injurious to your well being. There is no knowing how far the keepers of this secret will go to keep it a secret. It is thought that more people know the recipe for HP sauce than know the workings of the top secret FPL price change algorithm.germainelefoe wrote: ↑15 Aug 2019, 17:27 Sorry if this pertinent piece of info has been provided in the thread, I couldn't see it.
What time (UK) did the price changes that have occurred so far this season happen?
It used to always be roughly 1am-2am.
I think I might know who the above person might besorbiegunner wrote: ↑15 Aug 2019, 18:24Nobody knows what time they do happen, have happened or will happen. It's a secret. Stumbling inadvertently on this secret might well be injurious to your well being. There is no knowing how far the keepers of this secret will go to keep it a secret. It is thought that more people know the recipe for HP sauce than know the workings of the top secret FPL price change algorithm.germainelefoe wrote: ↑15 Aug 2019, 17:27 Sorry if this pertinent piece of info has been provided in the thread, I couldn't see it.
What time (UK) did the price changes that have occurred so far this season happen?
It used to always be roughly 1am-2am.
One person did at one time claim to have discovered the secret but a Panorama investigation later found that this same person also believed the Earth to be flat and not only did he believe that man had never been to the moon but that the moon itself does not exist. No one pays much attention to him these days.
I note that you have stated a rough time frame. Hopefully the keepers of the secret won't read to much into this, but just make sure your affairs are all in order never the less. Do yourself a favour and get skating towards thicker ice.