What you are seeing is the value of social ideology rationally taking precedence over material considerations. It doesn't matter what makes the most sense in terms of actual efficiency, it is about what makes sense to appeal to your elite social peers, who don't have to make decisions based on material considerations.
I think the 'objective' methodology for figuring that out would be either a marketing study, ethnography or something else. My rule of thumb is to see where the majority of advertising money is going. The rich and elite are usually more susceptible to advertising schemes because they have the ability to replicate the lives that marketing portrays. That is the beauty of owning massive amounts of private capital, while it is selling an unattainable material lie to us proles, it is only selling an unattainable spiritual lie (that if you are unhappy despite money and success, consumption will solve that unhappiness) to the wealthy and elite. They can actually attain the material reality portrayed in advertising, so it is just a matter of getting their eyeballs on it.
Also, within capitalism, isolation is usually the rule of thumb. The elite of capitalism wish to stand apart from the mass of humanity, as titans and utilitarian betters.
I honestly think that the significance difference would be related more to the individual temperament than the perceived v.s. actual material value. The problem is that both of those things influence each other, so the randomness.
The statement (in words) would be like this, the weighted significance between perceived v.s. actual material value is a variable that is tied towards the individual's temperament, up to a point where actual material value reaches some arbitrary threshold of say 100 million dollars, where it then becomes negligible, but then it is entirely a factor of the individual's temperament. However, I also believe that one's temperament is also affected as a variable of one's actual wealth, however this is then a classic nature v.s. nurture problem, and while we can get it into set theory, we cannot solve which comes first, we just have to start taking data and testing our weighted categories against actual material results.
Most neocons and libs haven't actually read Popper, Jevons or Hayek. And even if theu did, most of them are pretty reductive modelers, Popper intentionally so. Ultimately, they are just intellectual veneers for arguing for the continuation of things, Hayek and Jevons in particular the maximization of the creation of Money in the Money-Commodity-Money cycle, even going so far as a M-M cycle, because in their mind money is commodity value, even though we know that money that cannot translate into commodities is useless, power lies in the ability to marshall productive labor and control commodity production, which currency is pretty good at, but you can absolutely bypass it. Which is why no current national economic model actually follows Austrian economics, even if certain companies do.
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What you are seeing is the value of social ideology rationally taking precedence over material considerations. It doesn't matter what makes the most sense in terms of actual efficiency, it is about what makes sense to appeal to your elite social peers, who don't have to make decisions based on material considerations.
deleted by creator
I think the 'objective' methodology for figuring that out would be either a marketing study, ethnography or something else. My rule of thumb is to see where the majority of advertising money is going. The rich and elite are usually more susceptible to advertising schemes because they have the ability to replicate the lives that marketing portrays. That is the beauty of owning massive amounts of private capital, while it is selling an unattainable material lie to us proles, it is only selling an unattainable spiritual lie (that if you are unhappy despite money and success, consumption will solve that unhappiness) to the wealthy and elite. They can actually attain the material reality portrayed in advertising, so it is just a matter of getting their eyeballs on it.
Also, within capitalism, isolation is usually the rule of thumb. The elite of capitalism wish to stand apart from the mass of humanity, as titans and utilitarian betters.
deleted by creator
I honestly think that the significance difference would be related more to the individual temperament than the perceived v.s. actual material value. The problem is that both of those things influence each other, so the randomness.
The statement (in words) would be like this, the weighted significance between perceived v.s. actual material value is a variable that is tied towards the individual's temperament, up to a point where actual material value reaches some arbitrary threshold of say 100 million dollars, where it then becomes negligible, but then it is entirely a factor of the individual's temperament. However, I also believe that one's temperament is also affected as a variable of one's actual wealth, however this is then a classic nature v.s. nurture problem, and while we can get it into set theory, we cannot solve which comes first, we just have to start taking data and testing our weighted categories against actual material results.
deleted by creator
Most neocons and libs haven't actually read Popper, Jevons or Hayek. And even if theu did, most of them are pretty reductive modelers, Popper intentionally so. Ultimately, they are just intellectual veneers for arguing for the continuation of things, Hayek and Jevons in particular the maximization of the creation of Money in the Money-Commodity-Money cycle, even going so far as a M-M cycle, because in their mind money is commodity value, even though we know that money that cannot translate into commodities is useless, power lies in the ability to marshall productive labor and control commodity production, which currency is pretty good at, but you can absolutely bypass it. Which is why no current national economic model actually follows Austrian economics, even if certain companies do.
deleted by creator