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A_C_E on 29 March 2014
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fatslob-:O said:
A_C_E said:

I bought an Xbox One and a PS4. I spent $650 on the Xbox One and $540 on the PS4. According to your logic I, as a consumer, value them both the same since I bought one of each. Or you could say that since I spent $110 more on Xbox One I automatically 'value' the Xbox One more, right? Wrong! I'd take the PS4 over Xbox One. Both got a sale from me and the one I spent less on is the one I value more. Totally goes against your logic of "because it got a sale it is more valuable than the next gadget".

I buy more American chocolate bars than I do belgium chocolate so I guess I automatically value American chocolate bars...even though I don't. I'm sorry I don't get your logic.

Except it is a collection of consumers that determine the value of the said product, not just one person. 

Price has nothing to do with value. 

Did we honestly not understand each other? You are right. Price has nothing to do with value. That's what I have been saying this whole time, literally! Hence my saying, Value does not equal expense.