Timeline for What is the formal name for the "buy cheap, buy twice" effect?
Current License: CC BY-SA 4.0
37 events
| when toggle format | what | by | license | comment | |
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| S Feb 5, 2022 at 21:45 | history | notice added | tchrist♦ | Comments only | |
| S Feb 5, 2022 at 21:45 | history | locked | tchrist♦ | ||
| S Feb 5, 2022 at 21:45 | history | mod moved comments to chat | |||
| S Feb 5, 2022 at 21:45 | comment | added | tchrist♦ | Comments are not for extended discussion; this conversation has been moved to chat. | |
| Feb 1, 2022 at 15:07 | answer | added | Aurélien Pierre | timeline score: 1 | |
| Jan 31, 2022 at 19:06 | history | edited | James Geddes | CC BY-SA 4.0 |
improve title
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| Jan 31, 2022 at 17:37 | comment | added | Eric Brown - Cal | Hidden cost fallacy? | |
| Jan 31, 2022 at 12:53 | comment | added | Ben Aveling | Just a heads up that many of the offered answers work, but aren't specific to this particular fallacy. | |
| Jan 31, 2022 at 9:47 | comment | added | Chris H | (further example related to @Criggie's point) buy the cheap set of all sizes of drill. Replace as they wear out with good quality. You will end up with a full range, good ones for the sizes you need most, paying less overall. But TBH most of your examples don't really compare like with like, most obviously the paint and the laptop, where you save money overall, at the cost of time. No, time isn't money, unless you're getting paid by the minute. Then your car case, where buying the electric car means taking out a loan if you can get it, otherwise the choice doesn't even exist | |
| Jan 31, 2022 at 9:41 | answer | added | Word Nerd Daniel-Son | timeline score: -3 | |
| Jan 30, 2022 at 23:14 | comment | added | Criggie | I feel the word "Fallacy" is inappropriate. In Tool-acquisition and Making, there's a common suggestion to buy the cheapest version of a tool that does the job you want from it. And only then if the tool helps your workflow and expands your method-library, then you buy the best version of that tool that you can afford. This is a good way to avoid wasting money on an expensive+useless tool, and this method has been expounded by Adam Savage repeatedly. | |
| Jan 30, 2022 at 15:46 | answer | added | Zoff74 M. | timeline score: 0 | |
| Jan 30, 2022 at 13:49 | comment | added | gnasher729 | The comparison "cheap" vs "leading brand" is also misleading. It's quite possible that the leading brand became leading by being cheap. | |
| Jan 30, 2022 at 13:47 | comment | added | gnasher729 | @JohnLawler, "Vimes boots" has escaped from Discworld fandom. The next UK price index will be called the "Vimes boots index", after being changed to emphasise price changes in items that poor people buy. If a kilo of rice doubles in price, and a bottle of champagne increases by 5 percent, the "Vimes boots index" will grow faster than the original index. Important to adapt for example benefit payments correctly. | |
| Jan 29, 2022 at 19:19 | answer | added | Laconic Droid | timeline score: 13 | |
| Jan 29, 2022 at 14:25 | answer | added | ghosts_in_the_code | timeline score: -7 | |
| Jan 29, 2022 at 4:16 | answer | added | Davislor | timeline score: 10 | |
| Jan 28, 2022 at 21:00 | history | tweeted | twitter.com/StackEnglish/status/1487168645491011593 | ||
| Jan 28, 2022 at 20:42 | answer | added | Owen Reynolds | timeline score: 5 | |
| Jan 28, 2022 at 20:01 | answer | added | Acccumulation | timeline score: 5 | |
| Jan 28, 2022 at 18:45 | history | became hot network question | |||
| Jan 28, 2022 at 18:45 | history | reopened |
Brian Donovan KillingTime Justin |
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| Jan 28, 2022 at 16:57 | review | Reopen votes | |||
| Jan 28, 2022 at 18:48 | |||||
| Jan 28, 2022 at 15:51 | comment | added | John Lawler | In Discworld fandom, the term is "Vimes boots".. | |
| Jan 28, 2022 at 15:33 | comment | added | Edwin Ashworth | At the duplicate: 'half-measures will cost more than a single decisive move'. 'False economy' is one of the answers. | |
| Jan 28, 2022 at 15:31 | history | closed | Edwin Ashworth single-word-requests Users with the single-word-requests badge or a synonym can single-handedly close single-word-requests questions as duplicates and reopen them as needed. | Duplicate of To chop a dog's tail bit by bit | |
| Jan 28, 2022 at 15:29 | comment | added | Centaurus | @AndyBonner "buy cheap, buy twice" isn't a fallacy and the OP gives several examples where buying cheap will eventually turn out costly. The saying would certainly be a fallacy if that was a mistaken assumption. But it isn't. | |
| Jan 28, 2022 at 14:32 | comment | added | Andy Bonner | I think the issue in the title is that the maxim "buy cheap, buy twice" speaks against the fallacy rather than is an example of it. You could just reorder your sentence a bit, maybe like "... a term for the fallacy described in the saying 'buy cheap, buy twice'" | |
| Jan 28, 2022 at 13:41 | history | edited | Laurel♦ |
edited tags
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| Jan 28, 2022 at 13:20 | comment | added | James Geddes | @BrianDonovan I have added a sample sentence as requested. | |
| Jan 28, 2022 at 13:19 | history | edited | James Geddes | CC BY-SA 4.0 |
add sample sentence
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| Jan 28, 2022 at 13:16 | comment | added | James Geddes | @Centaurus Perhaps I worded the question poorly. Would "effect" would be more accurate than "fallacy"? | |
| Jan 28, 2022 at 13:05 | comment | added | Centaurus | From the moment you call it a "fallacy", you're saying you consider "buy cheap, buy twice" a mistaken belief. Is that so? | |
| Jan 28, 2022 at 12:15 | comment | added | Brian Donovan | The saying "Penny wise, pound foolish" springs to mind, but is hardly a "formal name." For what expressive purpose do you seek a "formal name" for this, though? Yes, I'm asking you to add the here standard sample sentence (with a blank for the missing term) to your question. | |
| Jan 28, 2022 at 9:29 | history | edited | James Geddes | CC BY-SA 4.0 |
start sentences with capitals
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| S Jan 28, 2022 at 9:19 | answer | added | James Geddes | timeline score: 77 | |
| S Jan 28, 2022 at 9:19 | history | asked | James Geddes | CC BY-SA 4.0 |