James_Miller comments on Generic Modafinil sales begin? - Less Wrong

14 Post author: jsalvatier 02 April 2012 03:53PM

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Comment author: James_Miller 03 April 2012 08:21:47PM *  0 points [-]

What probability of the drugs being counterfeit would you be willing to accept? Also, the profit maximizing strategy of the seller might be to initially sell 100% genuine drugs and then slowly lower this percentage.

Comment author: gwern 03 April 2012 08:23:36PM 0 points [-]

What do you mean?

Comment author: James_Miller 03 April 2012 10:43:47PM 0 points [-]

Let p = the probability of the drugs being counterfeit. For what values of p would you be willing to buy the drug?

Comment author: gwern 03 April 2012 11:40:05PM *  1 point [-]

Her price isn't that great, even with the Reddit discount, so I'd say something like p>0.2 would be enough to push me to buy from the Silk Road or one of the other online pharmacies instead.

Comment author: James_Miller 04 April 2012 01:46:17AM 1 point [-]

I had never heard of Silk Road. Now I understand the appeal of Bitcoins.