3 ms·
> people willing to pay $8 for being published consider their publication to be worth -$8. I don't think this is right. I'm not willing to pay $8 for something
by jstanley 4y ago
> people willing to pay $8 for being published consider their publication to be worth -$8.
I don't think this is right. I'm not willing to pay $8 for something just because I think it's worth -$8 to you. I don't care how much it's worth to you. Rationally, the value of something to you doesn't factor into my valuation. I pay $8 for something because it's worth at least +$8 to me.
- espadrine 4y agoWhen I give you a barrel of oil in exchange for $80, that oil is priced at $80, and that is often phrased as its value. When oil prices went negative in 2020, people were giving both the oil and $30, and so the oil was priced at -$30. Sure, the oil was worth $30 to give away, but the oil was not valued at $30; it was valued at -$30. Many people sell speech (eg. President Obama has given a speech in exchange for $400K). When you give both money and the speech, just like oil, that infers the price of that speech.