Enjoyment Value

Rain

Ok, this is a random thought and may be the most crazy thing I've posted...which is saying something since I've posted pics of women with hairy pits. What brought this up was me thinking that I can buy a $60 game and finish it in three days, while I've been reading a $7 book for three weeks.. Anywho...I wonder if we can put a numerical value on things that provide us enjoyment. For instance, if I buy a $5 book and read it for one week, then does that provide more or less enjoyment then a $1,000 TV that I watch for three years? To keep it simple, I guess we would not break up in to hours how much each item was used. We have two numbers for each item (Item and Days)...so what formula do we want to use?

jd50ae

Never mind....way too abstract thoughts.

variant2

raisindot

perkinke

Bob Luken

Rain:

Ok, this is a random thought and may be the most crazy thing I've posted...which is saying something since I've posted pics of women with hairy pits. What brought this up was me thinking that I can buy a $60 game and finish it in three days, while I've been reading a $7 book for three weeks.. Anywho...I wonder if we can put a numerical value on things that provide us enjoyment. For instance, if I buy a $5 book and read it for one week, then does that provide more or less enjoyment then a $1,000 TV that I watch for three years? To keep it simple, I guess we would not break up in to hours how much each item was used. We have two numbers for each item (Item and Days)...so what formula do we want to use?

I beg your pardon. Where might I see these hairy pits?

Rain

clearlysuspect

clearlysuspect

Rain:

Can I stick my hands in those things to keep them warm?

Rain

There is no point to miss.

Gray4lines

Gray4lines

So Randy, your question isnt crazy... look up "consumer theory" or "utility" as it relates to economics. This is the framework for microeconomics

clearlysuspect

clearlysuspect

clearlysuspect

Bob Luken

Rain:

Thanks. Nice.......hair.

Puff_Dougie

clearlysuspect

clearlysuspect

blutattoo

Rain:

My eyes my eyes! Why would you do that. Im scarred for life.

New Boots

Far to open to interpretation if you ask me. That $7 book may be the pinnacle of my day today, but tomorrow I can't even read one page. However, that $60 video game is exactly what I need. I enjoy both...so....there's that.

Rain

I would think, if not an exact number, we could get a median.

Gray4lines

Rain:

I would think, if not an exact number, we could get a median.

That's sort of what a demand curve in a market is. Everyone has a willingness to pay for an item (which reveals preference) and the market's demand curve for an item is the summation of the WTP of all of the individuals.

Puff_Dougie

clearlysuspect

Puff_Dougie, I like your equation better! LOL. I don't think that the equation that I offered above is a good idea for gauging how much to charge someone, but I do think it would be an effective tool to gauge one's own personal enjoyment and how much they would be willing to spend on items based on enjoyment. It would be a very long and extensive process though.

Ken Light

If I read slow, are my books more valuable?

jgibv

Puff_Dougie

Ken Light:

If I read slow, are my books more valuable?

Speed reading courses are a total rip off!!

Sasquatch

0patience