Wigsplitz is using the actual economic definition of worth. It's actually correct even though nobody really wants to believe it. Human beings are such emotional creatures that we deny reality for what we WISH it was.
If today I went to Africa, found a rare pink diamond, and made earrings and no one wanted to buy them, they are economically worthless.
I think you speak of sentimental value which is more emotional than factual.
Let's say I risked my LIFE for that diamond and no one wants it, but I feel it is valuable because of my risk. Does this mean it's valuable to everyone else and they'll buy it? Probably not, unless I used emotional appeal through my sob story.
Do you think pirating music is really that big of a deal?
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Wigsplitz is using the actual economic definition of worth. It's actually correct even though nobody really wants to believe it. Human beings are such emotional creatures that we deny reality for what we WISH it was.
If today I went to Africa, found a rare pink diamond, and made earrings and no one wanted to buy them, they are economically worthless.
I think you speak of sentimental value which is more emotional than factual.
Let's say I risked my LIFE for that diamond and no one wants it, but I feel it is valuable because of my risk. Does this mean it's valuable to everyone else and they'll buy it? Probably not, unless I used emotional appeal through my sob story.