Undergraduates have to line up to get a ticket for weeks, which he's right means forming teams and sleeping in tents, etc.  But they only let a certain number of people tent, so if you do that you'll get in.  On the day of the game you can also get in a different line for a couple hours, and have a pretty decent chance of getting in.  Undergraduates can't sell their tickets to anyone very easily given that the "ticket" is actually a wristbad that the people monitoring the lines give you the morning of the game which you need your id to get because they have a list of names of people that were in line.  So you'd have to look a lot like the person you wanted to buy the band from, and you'd have to arrange it beforehand, not after they had the "ticket".

Graduates on the other hand actually get tickets, and they do have a lottery for people in line, but you only have to stand in line for a weekend, before school starts, and it's really just a big party where everyone goes to a parking lot, and drinks a lot all weekend, not exactly punishment.

Finally, it's hardly clever to note that graduate students have more time before the school year than they have money.  If you actually had tickets there are people willing to pay about 2400, which means it would be silly to sell it for less, even if you're willing to pay only 175 for it.  You can argue about opportunity cost, but it doesn't work because the students are poor.  Imagine a group of people with cancer, standing in line and then having a lottery for the cure.  If I win the cure, the only way I'm selling it is for a ridiculous amount of money.  On the other hand, if I don't win, I can only offer all the money I have, a few thousand.  That doesn't mean I value the cure for cancer at a few thousand.  Likewise, the only way for the ticket experiment to prove anything is if you offered the people without the ticket an extra 2400 bucks, or the tickets.  If they chose the money, while the winners chose to keep their tickets, then the experiment would work.

What would I the average old woman stand in line for? A god fast food meal , like I did toda in Antioch. Or maybe a really good funny movie on cheap ticket day with one dollar popcorn and a dolar coke.

that is about it at my age after standing in line for years for high school football tickets and band tickets and of course he never ending gorcery store line.

love peace and think spring when the bidrs sing

when the red red robin comes bobbing bobbing along

gives me a thrill

to wake up on the morning on mockingbird hill