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Metus comments on Financial Effectiveness Repository - Less Wrong
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Correct. But then again note that there is the seperate issue of depreciating and appreciating assets: I can resell the mechanical keyboard as it is usable even after years. I can not resell the membrane keyboard because it is worn out.
A more extreme example is cars: A new low-budget car loses about a third of its resale value immediately after you buy it. A used luxury car might even appreciate in value.
Definitely. I wanted to make that point because, until I read Varian, I accepted the naive argument and not everyone here has studied economics, and the less they know, the more this entire "financial effectiveness" post is aimed at them, and this is something I found completely nonintuitive before reading about it and transparently obvious afterwards.