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One thing I will always remember from my college economics class was the professor saying, on day one, that that's how you measure what people want. "You want
by sedev 14y ago
One thing I will always remember from my college economics class was the professor saying, on day one, that that's how you measure what people want.
"You want a lot of things. You want an A in this class. You want a trip to Hawaii. You want a tasty lunch. And you want all of those things ... 'a lot.' Well, I'm economist, I'm trying to be a scientist. I can't measure 'a lot.' What I can measure is - what are you willing to give up in order to get the things you want?"
- bootload 14y ago"... One thing I will always remember from my college economics class was the professor saying, on day one, that that's how you measure what people want. ..." I didn't take economics at Uni, but I certainly noticed a corollary of 'desire' for object and payment as a kid. The lack of money required you work out some scheme to make money to buy or your hack your own.