Posts Tagged ‘opportunity cost’

Value is Contextual – Opportunity Cost

Wednesday, June 17th, 2009

I may sound like I’m flogging a dead horse. I have blogged about value being contextual before, and I’m going to do it again. The reason is simple – every so often when we’re working on Pressyo (yes, we’re consistently updating it behind the scenes), we keep dreaming up things that we can possibly use or do.

They’re mostly fun stuff to do – mostly armchair economics and armchair computer science. But the thing about brainstorming things to do and actual implementation is that sometimes implementations can go spurious. We’d expect something to work one way and then it doesn’t.

So, yes, we have to constantly remind ourselves that value is contextual. And because I’m such a bore, I shall bore you, my readers as well. (more…)