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I know what you're saying, and a lot of the time it's true, but it's not like all or even most people would put a monetary value on every single second of their

by venus 13y ago

I know what you're saying, and a lot of the time it's true, but it's not like all or even most people would put a monetary value on every single second of their time. Hell, a few weeks ago I started building a model plane - the time I've put into the project runs well into the thousands of dollars by now, but that wasn't the point of the project. I remember a post here some time ago claiming that startup CEOs should value their time at $1000/hr, to force themselves to always make best use of their time. I can see how that works in context, but it doesn't mean said CEO shouldn't take a couple of hours off to watch a movie, thinking its true cost is $2000+. That way lies madness. We can't all work all the time. It's fine to burn a few hours learning something new and just having fun, and it sounds like that's exactly what this woman did.

downandout 13y ago
The impetus for my comment was that her first instinct was to bring the iPad to the Apple store to get an estimate. After finding out that it would cost $200, she embarked on fixing it herself. This implies that her motivation for doing it herself was at least in part financial. Given the effort it took, that seems to have been a fool's errand. I didn't mean to imply that recreation or personal fulfillment should be viewed as a cost center. If that were the case, I would owe myself millions of dollars :).
- maxerickson 13y ago
  There are lots of people who don't really have the ability to arbitrarily sell their time at whatever value they assign to it. (I guess this is something like the marginal value of the DIY repair could easily be higher than the marginal value of learning something else or seeking and doing work)
- bronson 13y ago
  Except she sounds stoked even though it took 7+ hours. How do you explain that? Also, it was 200 pounds, $330 USD.
  - collyw 13y ago
    Its a well known psychological phenomena (I can't remember the name of it), that something you have worked hard for has more value than if you acquired the same thing say by winning it in a competition. I assume in this case she also learned a lot from the process, which she will value also.

by venus 13y ago

downandout 13y ago

The impetus for my comment was that her first instinct was to bring the iPad to the Apple store to get an estimate. After finding out that it would cost $200, she embarked on fixing it herself. This implies that her motivation for doing it herself was at least in part financial. Given the effort it took, that seems to have been a fool's errand. I didn't mean to imply that recreation or personal fulfillment should be viewed as a cost center. If that were the case, I would owe myself millions of dollars :).

maxerickson 13y ago
There are lots of people who don't really have the ability to arbitrarily sell their time at whatever value they assign to it. (I guess this is something like the marginal value of the DIY repair could easily be higher than the marginal value of learning something else or seeking and doing work)
bronson 13y ago
Except she sounds stoked even though it took 7+ hours. How do you explain that? Also, it was 200 pounds, $330 USD.
- collyw 13y ago
  Its a well known psychological phenomena (I can't remember the name of it), that something you have worked hard for has more value than if you acquired the same thing say by winning it in a competition. I assume in this case she also learned a lot from the process, which she will value also.