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The value of having the option to read Moby Dick is essentially zero: you can look it up online whenever you want. When someone chooses to spend a buck buying
by munificent 3y ago
The value of having the option to read Moby Dick is essentially zero: you can look it up online whenever you want.
When someone chooses to spend a buck buying Moby Dick at a garage sale, the value they get is based on calculating that they will also read it. If they spend the cash but not the time, they've basically just thrown a dollar away.
- retrocryptid 3y ago[flagged]
- munificent 3y agoI didn't downvote you. I am asserting that you are claiming ignorance on the author's part when the better interpretation is that the author is speaking about general common occurrences and you are focused on edge cases that while true do not detract from the author's point. Presumably anyone about to embark on a voyage to Antarctica understands that their purchasing decisions have slightly different constraints than a random person sitting in their apartment mindlessly scrolling on Amazon and doing some "retail therapy".