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>My social experiment with my own children is still very early, So I had a profound life lesson at around 7 or 8 years old. I had grown up near a corner store
by milesvp 8y ago
>My social experiment with my own children is still very early,
So I had a profound life lesson at around 7 or 8 years old. I had grown up near a corner store with a lot of nickel candies, so most of my weekly dollar allowance went to candy. I had learned how to optimize that dollar, how many laffy taffy, vs tootsie rolls, vs licorice, vs jolly rancher... so I knew how much satisfaction a dollar could buy. One day, we were going through a jack in the box drivethru and they had an ad for a stuffed Pinocchio for $5, and I begged my dad for it. He in turn said something to the effect of, "if I give you the $5 dollars would you still buy it?", and my mind immediately started thinking about all the things I could buy with $5. I could buy all the candy I could want, and still have some quarters left over for the stand up arcade games. Needless to say, I didn't really want the Pinocchio doll, certainly not for the price when it was my money.
Sadly, I have no idea how to reproduce this lesson with my daughter. She has so many people showering her with stuff, that she has no concept of how to maximize her utility with the money she has. And no one seems to keep the diverse array of cheap candy anywhere any more, which makes me kind of sad.