The Chip Board
Custom Search
   


The Chip Board Archive 04

The same arguments apply but....

A bet of $100 in 1935 compared to a bet of $100 today looking at it at a different perspective will be big or small in value depending in your economic status. Your analogy to some extent will apply.

Consider this example a $100 bet today to a man who earn the minimum wages will be more valuable to him than to a man who makes say $100,000 personal income. The utility value of the $100 man is more compared to the man with the $100,000.

The valuation is not cut and dried guide to how people value a thing or a service. It depend also in his psychic and other factors.

Leonidas

Messages In This Thread

Economics & $$$ Question.
Re: Economics & $$$ Question.
Re: Economics & $$$ Question.
Re: Economics & $$$ Question.
The same arguments apply but....
Re: Economics & $$$ Question.
Re: Economics & $$$ Question.
Re: Economics & $$$ Question.
Re: Economics & $$$ Question.
The SIMPLE answer...
Re: Economics & $$$ Question.
Greg & Don L.
Re: Economics & $$$ Question.
Re: Economics & $$$ Question.
Does Anyone Have......
Re: Economics & $$$ Question.
Re: Economics & $$$ Question.

Copyright 2022 David Spragg