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355 points pavel_lishin | 3 comments | | HN request time: 0.242s | source
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RobKohr ◴[] No.45389953[source]
"Federal funding typically covers 80% of bus purchases, with agencies responsible for the remainder."

Well, there is your answer. The one making the purchase isn't the one primarily paying for the purchase. This makes them less sensitive to pricing.

Kinda like how expensive healthcare is since it is paid for by insurance.

Or how you don't care how much you put on your plate or what you choose to eat at an all you can eat buffet.

The second you detach the consumer from the price of something, even through an intermediary such as health insurance, that is when they stop caring about how much something costs, and so the price jumps.

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Y_Y ◴[] No.45390477[source]
And congratulations to any of today's lucky ten thousand who are just learning of the Principal-Agent Problem.

https://en.wikipedia.org/wiki/Principal%E2%80%93agent_proble...

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1. hackernewds ◴[] No.45393489[source]
there's no reason to be patronizing or condescending
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2. vasco ◴[] No.45393521[source]
This is an example of the agent thinking it has to defend the principal but misunderstanding context.
3. Aloisius ◴[] No.45397803[source]
It's an xkcd reference. Sadly, not explicitly mentioning it is xkcd sends the exact opposite message to the one in the comic to those unaware of it.

https://xkcd.com/1053/