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Dunban67 on 23 April 2015
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sc94597 said:
Dunban67 said:


you misunderstand-  I said if you/most anyone had the OPPORTUNITTY to buy both at $200 consdering their actual mrket price/market value today-  hence why i said you  would sell the Xbox (if you prefered the Wii U )  and make a profit-  If they were both being sold at retial for $200, obviously you could ot sell either for a profit

no mater how you want to ty to say otherwise, the value of the Xbox One is greater thean the value of the Wii U-  that includes the the context of the  definions you provided as well-  you are trying to distort your own information-   If you decided to go buy 100 ounces of gold tomorrow and you paid $100 more per once than the "ask" price, it would simply mean you were overpaying- it would not set the value of gold or even be an indicator 

Again market value =/= market price. Market price is the minimum at which people can buy a good (in your scenario the market price of the XBO is $200.) Market value is the maximum at which a person/group of people will buy a good. Market value is different for different people. There is an average market value, which you are alluding to, but that can only be determined through an open-market auction and it is very much price AND time dependent. 

YOU MUST provide context when you say "more valuable."

In your scenario I value an XBO at $200 or anything less than $350 - (the perceived cost of sale.) That is the most I will pay for it. On the otherhand my willingness to pay for the Wii U can exceed this value, and therefore I value the Wii U more than the XBO, even if I choose the XBO to fund my purchase of the Wii U. An alternative scenario is if you have $350 and you want an XBO (the market price of the XBO is $350.) You find a Wii U for $200 and sell it for $300 to help fund your XBO and also gain some extra money. In the end you make $100 on top of your $350 and buy your XBO + a game. Just because you chose to buy a Wii U before buying an XBO does not mean you value the Wii U more than the XBO. You valued the XBO AT LEAST at $350 and the Wii U at most at $300 ($200 you paid + $100 profit you make from it.) 

What YOU (or I) value a product at means nothing to anyone -  Virtually no one will knowingly/willingly pay more than the market price of a readily available  product -  Your willingness to pay more for a Wii U than an Xbox One is a definition of nothing but your preference- it has nothing to do with value unless a critical mass within a market felt the same way-  which is not the case