If you could add it all up, I wonder how much value is lost to ego/status maintenance globally
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I agree that conspicuous consumption is negative-sum (first-order effects). But I don’t think accomplishments are necessarily positive-sum. The first-order effects of e.g. climbing Everest are spending time/energy/money that could have gone elsewhere.
Also there are so many higher-order effects that I don’t know how to model, like inspiring others or pushing forward the field of mountaineering. (Those kinds of things can happen with conspicuous consumption too.) It gets too complex for me....
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ya - status is difficult to model for sure. I think it can only be done extremely narrowly. Like within a non random domain... say like tennis or some other sport, or some specific skill like coding or design.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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