ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax
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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.