October 11, 2009
Britain's Central Planning Death Panels
October 11, 2009
Free Market M.D.
October 11, 2009
Economies of Scale in Compliance
October 11, 2009
Balan's Challenge
October 10, 2009
The Pleasure of Telling Others What to Do
October 10, 2009
Gonick the Great - and How He Could Have Been Greater
October 9, 2009
More Scott Sumner
October 9, 2009
Not From The Onion
October 9, 2009
Thoughts on a Second Stimulus
I think you do take a nice tv for granted, not immediately but gradually over time. One appreciates it over a shorter span than its lifetime which can be very long these days. Similarly a DVR makes its greatest impact when you haven't previously had one but also fades over time. New programming can add impact, but that is the impact of the programming, not the DVR.
I've been on the DVR bandwagon for 4 years now. And I am quite certain that the DVR continues to have great impact on me. I'm reminded of it everytime I go on vacation and I don't have one. I'm especially reminded of it by my children who assume that they can watch "Dora the Explorer" whenever they want, and not have to wait for it's scheduled time. TV is a completely different experience for them at Grandma's house.
As for the durability of goods vs experiences, I have noticed that my wife strongly prefers travel as a use of our money, while I strongly prefer purchasing goods. Vacations are fun, but their utility only really lasts as long as the vacation. The memory of a vacation provides little marginal value to me compared to being able to sit down (again) at the playstation. For my wife, the memory is much more valuable. I sometimes wonder if it's more valuable than the actual experience.
For my wife, the memory is much more valuable. I sometimes wonder if it's more valuable than the actual experience.
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Yup. Even a cursory review of the research in brain and behaviour differences show that males and females are, on the average, "geared" to different things.