Your valuation of something is your estimation of its worth, or the price you would put on it. In this essay, I am going to use the old saying, `Actions speak louder than words.' We will consider valuation as demonstrated by the way someone acts, rather than by considering what they claim to value. How do we decide what value someone places on something?
In this essay, we will take it that if someone spends time and energy on something, they value it according to the amount they expend on it. If I play poker every Saturday evening, for instance, this is evidence that I value poker to the extent of giving up one night a week to play it. That is my valuation of poker, not the valuation I claim to have for it when I talk to a non-gambling friend.
Looking around in the world, it is clear that people have wildly different valuations for the same things...
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