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Why is the willingness of people to pay a lot of money for something because they like its texture or color and more "extrinsic value" than the willingness of p
by baddox 12y ago
Why is the willingness of people to pay a lot of money for something because they like its texture or color and more "extrinsic value" than the willingness of people to pay a lot of money for something because they like its corrosion resistance?
- function_seven 12y agoI would say it's not. But I bet you if you came up with a replacement alloy that had the same exact texture and color as gold, people would not knowingly pay the same money for it. Just like lab diamonds can be grown to look even better than mined diamonds, the fact that they're from a lab still (sadly) diminishes their value.
- mathgeek 12y agoYou read into my comment as a statement of mutual exclusiveness, perhaps?