7 ms·
I think you and the blog post author are making the same mistake. You're just not putting a dollar value on these social costs. If the blog author valued their
by DubiousPusher 7y ago
I think you and the blog post author are making the same mistake. You're just not putting a dollar value on these social costs. If the blog author valued their partner's feeling they would enumerate upsetting them as a cost and it wouldn't be so clear that you're earning $500. But rather you're earning $500 less the cost to your personal relationship.
This is a similar mistake to failing to price other intangibles like risk.
- baddox 7y agoIt’s an odd mistake to make, since it implicitly recognizes that someone may value the experience of seeing the concert more than $500, but fails to recognize that someone may value their close social relationships more than $500.