Originally Posted by
Istaru
What you say is factually correct. I’m going to be nice and have a discussion with you, I should not have reacted with the same disgust as I did with that thing earlier. I apologize for my reply.
The conversation originally started off about relative value. Your statement is about absolute value. They are different things.
Would I sit in a 40°C room for 24 hours for a $300 remittance? The answer is no, my comfort is worth more to me than gaining $300. Relatively speaking, the $300 has less value. Its kinda why we buy air conditioning units and pay the electric bills that come with them.
As consumers, we assign relative value to everything, it’s how we decide if we want to spend X amount on product Y. We give them a valuation and buy when it is equal to or less than that valuation, and abstain when it is greater. That valuation is unique to every person and every item. They are relative to them.
Example: I am looking at LED memory chips for my computer, I’m not actually, just an example. I have perfectly functioning memory chips, but I want ones I can show off with when I’m streaming. They cost $600. For some people, they will decide that they are worth the expense based upon their valuation. Others will opt out due to the price not being in line with the value they personally signed.
I agree with dual, the fact it is over time does have an effect on the relative value. Since it is only $5 at a time, it is not as significant as if it was a single cost of $300. Personally, I see them very differently.