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Enjoyment Value

RainRain Everyone, Registered Users Posts: 8,761
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?

Comments

  • jd50aejd50ae Everyone, Registered Users Posts: 4,109
    Never mind....way too abstract thoughts.
  • variant2variant2 Everyone, Registered Users Posts: 351
    No can do. Enjoyment is relative to the individual. If a $7 book provides a week of enjoyment, then our $7 cigars are at a huge disadvantage for only providing a single hour of enjoyment at the same expense.

  • raisindotraisindot Everyone, Registered Users Posts: 936
    Depends on how you define "value" and "enjoyment."

    If a $7 book that you read in a week delivers knowledge, perspective, insights and somehow changes your life, isn't a better "value" than a $1,000 TV you spend 10 years on watching reality shows and FOX News (sorry cheap shot! :) ).

    Ultimately, it depends on your personal definition of these terms. A $10 cigar may be very enjoyable (as may a $2 cigar), but what "value" does it bring to your life? Are you a better, smarter, more mature person because of it (maybe so). If you're religious, wouldn't a $3 Bible or Koran deliver far more greater spirit-enhancing value than a $60 shoot-em-up video game, even if you spent far more hours playing the game than reading the book?

    It's all totally subjective. If and when the missiles launch, that box of 20-year old dried food rations you picked up at Costo ;ast year will be far more "valuable" than all your wife's gold jewelry.
  • perkinkeperkinke Everyone, Registered Users Posts: 1,562
    raisindot:
    Depends on how you define "value" and "enjoyment."

    If a $7 book that you read in a week delivers knowledge, perspective, insights and somehow changes your life, isn't a better "value" than a $1,000 TV you spend 10 years on watching reality shows and FOX News (sorry cheap shot! :) ).

    Ultimately, it depends on your personal definition of these terms. A $10 cigar may be very enjoyable (as may a $2 cigar), but what "value" does it bring to your life? Are you a better, smarter, more mature person because of it (maybe so). If you're religious, wouldn't a $3 Bible or Koran deliver far more greater spirit-enhancing value than a $60 shoot-em-up video game, even if you spent far more hours playing the game than reading the book?

    It's all totally subjective. If and when the missiles launch, that box of 20-year old dried food rations you picked up at Costo ;ast year will be far more "valuable" than all your wife's gold jewelry.
    Exactly. I'll drop a c-note on tickets and about the same on food, beer and travel to catch the Timbers home opener every year, but no chance I'll spend 300 on a video game system that I might have for several years. An afternoon with friends that can't be repeated is more valuable to me than something I might or might not dink around with for years. The older I get (and I'm only 36) the more I value experiences rather than adding clutter to my house.
  • Bob LukenBob Luken Everyone, Registered Users Posts: 3,664
    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?
  • RainRain Everyone, Registered Users Posts: 8,761
  • clearlysuspectclearlysuspect Everyone, Registered Users Posts: 1,750
    Isn't this the very premise of capitalism, supply and demand, at least in terms of leisure industries. If people enjoy it, they'll pay for it. If you're charging too much, people will stop coming. So you drop your prices and raise your prices accordingly.

    Maybe I'm missing the point of the thread. I probably am.
  • clearlysuspectclearlysuspect Everyone, Registered Users Posts: 1,750
    Rain:
    image
    Can I stick my hands in those things to keep them warm?
  • RainRain Everyone, Registered Users Posts: 8,761
    There is no point to miss.
  • Gray4linesGray4lines Everyone, Registered Users Posts: 3,439
    Not really capitalism... but this is called consumer theory in economics. It's where we get demand curves (marshallian and hicksian). Back to Randy's thought, can can break any item down to cost/time. What did you pay divided by how much you use it. That's easy and dollars and time are not subjective.

    this is where the person to person comparison stops. You now get to each person's "preferences" (economists measure it in "utility") The absolute number does not matter as much as the ranking of preferences. I.e. I get 1, 000 units of enjoyment out of a cigar and 500 out of a pipe. So do I like a cigar twice as much? Not necessarily.
  • Gray4linesGray4lines Everyone, Registered Users Posts: 3,439
    So Randy, your question isnt crazy... look up "consumer theory" or "utility" as it relates to economics. This is the framework for microeconomics
  • clearlysuspectclearlysuspect Everyone, Registered Users Posts: 1,750
    We have two numbers for each item (Item and Days)...so what formula do we want to use? Alright. Here's my attempt:

    e = Enjoyment Rating Single Day (0-10 scale)
    d = Days actually used
    t = Total time owned

    {(e1+e2+e3+...)/d}t = Enjoyment Rating

    That's all I have.
  • clearlysuspectclearlysuspect Everyone, Registered Users Posts: 1,750
    Woops. Wrote that wrong. Should be:

    {(e1+e2+e3+...)d}/t = Enjoyment Rating

    Should have been multipled by days used and divided by total time owned.
  • clearlysuspectclearlysuspect Everyone, Registered Users Posts: 1,750
    And we could also divide the entire result there by the highest possible score to make it more of a percentage of enjoyment, so why don't we make it look like:

    {[(e1+e2+e3+...)d]/t}/10 = Enjoyment Rating
  • Bob LukenBob Luken Everyone, Registered Users Posts: 3,664
    Rain:
    image
    Thanks. Nice.......hair.
  • Puff_DougiePuff_Dougie Everyone, Registered Users Posts: 3,182
    raisindot:
    Depends on how you define "value" and "enjoyment."

    If a $7 book that you read in a week delivers knowledge, perspective, insights and somehow changes your life, isn't a better "value" than a $1,000 TV you spend 10 years on watching reality shows and FOX News (sorry cheap shot! :) ).

    Ultimately, it depends on your personal definition of these terms. A $10 cigar may be very enjoyable (as may a $2 cigar), but what "value" does it bring to your life? Are you a better, smarter, more mature person because of it (maybe so). If you're religious, wouldn't a $3 Bible or Koran deliver far more greater spirit-enhancing value than a $60 shoot-em-up video game, even if you spent far more hours playing the game than reading the book?

    It's all totally subjective. If and when the missiles launch, that box of 20-year old dried food rations you picked up at Costo ;ast year will be far more "valuable" than all your wife's gold jewelry.
    I agree with this. No mathematical formulation can capture the subjective elements that are wrapped up in the concept of "enjoyment."

    Very thought-provoking post, though. And a tremendous pretext for bumping the hairy armpit picture! :^)
  • clearlysuspectclearlysuspect Everyone, Registered Users Posts: 1,750
    clearlysuspect:
    And we could also divide the entire result there by the highest possible score to make it more of a percentage of enjoyment, so why don't we make it look like:

    {[(e1+e2+e3+...)d]/t}/10 = Enjoyment Rating
    Nope. Just did an experiement on my co-worker Nick. He chose his cell phone. Last 3 days he rated it 10, 8, and 8. Result was 2.5. Each day (e) needs to be divided by 10, then added together.
  • clearlysuspectclearlysuspect Everyone, Registered Users Posts: 1,750
    {[((e1/10)+(e2/10)+(e3/10)+...)d]/t}/10 = Enjoyment Rating


    ****Note. Days which you do not use the product will be included as an e = 0.
  • blutattooblutattoo Everyone, Registered Users Posts: 1,100
    Rain:
    image
    My eyes my eyes! Why would you do that. Im scarred for life.
  • New BootsNew Boots Everyone, Registered Users Posts: 2,634
    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.
  • RainRain Everyone, Registered Users Posts: 8,761
    I would think, if not an exact number, we could get a median.
  • Gray4linesGray4lines Everyone, Registered Users Posts: 3,439
    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_DougiePuff_Dougie Everyone, Registered Users Posts: 3,182
    Clearly, the answer is to be found in the Theory of Relativity...

    E=mc2

    Enjoyment = Money times Cigars squared

    image
  • clearlysuspectclearlysuspect Everyone, Registered Users Posts: 1,750
    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 LightKen Light Everyone, Registered Users Posts: 3,524
    If I read slow, are my books more valuable?
  • jgibvjgibv Everyone, Registered Users Posts: 5,996
    Ken Light:
    If I read slow, are my books more valuable?
    ;-)
    I hope so. If so mine are super valuable.
  • Puff_DougiePuff_Dougie Everyone, Registered Users Posts: 3,182
    Ken Light:
    If I read slow, are my books more valuable?
    Speed reading courses are a total rip off!!
  • SasquatchSasquatch Everyone, Registered Users Posts: 228
    Obviously there is only one answer..."SON! Are you on drugs?"

    :)
  • 0patience0patience Everyone, Registered Users Posts: 3,767
    Puff_Dougie:
    Clearly, the answer is to be found in the Theory of Relativity...

    E=mc2

    Enjoyment = Money times Cigars squared

    Hmm, zero money (I have kids) times cigars squared is zero?
    Why do I feel like I'm getting ripped off? LOL!
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