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Good Natured Advice Thread (improving a business wardrobe) - Page 530

post #7936 of 37396
Thread Starter 
Quote:
Originally Posted by unbelragazzo View Post

It's not a nerd vs not nerd thing. I think the attempt to quantify stuff like this is counter productive because it leads people to focus on the quantifiable aspects of a good, and imagine that "quality" is linear in those aspects.

I agree that it is silly to actually quantify such values/preferences/whatnot--though it isn't impossible on an individual level--as the numbers would be fairly meaningless. But the framework is useful for understanding how we make our decisions.

 

If someone is willing to pay $500 dollars for a product with W,X,Y,Z as qualities (and those qualities capture everything about the product) and is only willing to pay $400 for another product with the qualities W,X,Y (and again assuming that those are all qualities, and that Z didn't in anyway enhance or detract from the other qualities), it's safe to assume that Z is worth $100 dollars to that person.

 

Framing is very important, and I think framing decisions like this, forcing the brain to approach decisions in such matter, will lead to decisions which will more accurately reflect our preferences (or what we would intellectually like our preferences to be, that behavior then possibly leading to an eventual change in preference. After buying a few SS suits, perhaps Rudals gets over his brand bias).

 

Quote:
Originally Posted by unbelragazzo View Post


You decide whether you'd rather have the additional money (or whatever else you would buy with it) or the item in question. That is all.

No longer in the realm of economics (at least, not in any but the loosest sense), but the subsequent question which could/should be addressed would be either "Given that I consider it worth the additional money, do I want it to be worth the additional money?" or "Given that I consider it worth the additional money, does this valuation accurately reflect my preferences?"

 

--------

 

But you're the behavioral economist, so, uh, :embar: 

post #7937 of 37396
That first part of your post is not really practical, and Im not sure if it is even factual, imo. Too lazy to say more than that from mobile tho.
post #7938 of 37396
Thread Starter 
I'm not sure what wouldn't be correct (please note the held assumptions, both unlikely to be true in real life, the former because there are at least dozens, if not hundreds or even infinite qualities to any item and the latter because it is unlikely that those qualities can exist in isolation to each other) . And it's defintely a practical thought exercise. It isn't about the accuracy of monetary values assigned to the qualities--or even about assigning monetary values--but rather an approach to purchasing. Because our brain does make mistakes in interpreting our preferences.
post #7939 of 37396
I find it's all about priorities. Everyone has something (or many things) that they indulge in at an uncommon level. Each person has their own barometer to gauge if something is worth it to them. Just be comfortable with the decisions you make, as long as they don't hurt your finances or others...
post #7940 of 37396
Quote:
Originally Posted by Claghorn View Post

I'm not sure what wouldn't be correct (please note the held assumptions, both unlikely to be true in real life, the former because there are at least dozens, if not hundreds or even infinite qualities to any item and the latter because it is unlikely that those qualities can exist in isolation to each other) . And it's defintely a practical thought exercise. It isn't about the accuracy of monetary values assigned to the qualities--or even about assigning monetary values--but rather an approach to purchasing. Because our brain does make mistakes in interpreting our preferences.

Well, admittedly I was being OTT with what I said, but this is what I mean.

First off, I think that you approach clothing very academically and I much more emotionally. No right or wrong there, just different, and I think that sums up a lot of the differences in how we view things.

To apply your logic, first off, I think it is really much more applicable to something like MTM or bespoke, and not really in terms of anything but "extras." For example, lets say that MoP buttons cost $100 to your order, and hand picked stitching is $215 and spalla is $175 and functional cuffs is $10 per button. Yes, we now have a very specific value to those things. But, those are extras, I do not think many of us are buying or not buying an item just based off of those things, they are extras we may or may not choose to get added to what it is we are already buying.

A well, I do not think that that was really the topic of the conversation previously. Lastly, there is no set value, per say, to the cut of one tailor over another. Sure, BnT may cost 2 x the other guy, but its much harder to really quantify what exactly that money is going toward, its more simply out, the overall "value" of what they have to offer.

As applied to RTW, lets say you want a pair of suede cap toes and you are looking at Meermin, and Carmina, and EG and GG, I think that applying your X, Y, Z formula will be next to impossible.
post #7941 of 37396
In any case, I bet you are rally proud of those brainy posts you put up. devil.gif


Also, I see you addressed some of my concerns in your second post.
post #7942 of 37396
It's getting super nerdy up in here.
post #7943 of 37396
It hurts a little, dont it?

But for Clags it is sweet sweet release.
post #7944 of 37396
Thread Starter 
Quote:
Originally Posted by in stitches View Post

But for Clags it is sweet sweet release.

So. Much. Yes.

 

Stitchy gets me. 

 

Quote:
Originally Posted by in stitches View Post

Also, I see you addressed some of my concerns in your second post.


They were addressed in the first post. If you were nerdier, I wouldn't have needed to clarify

 

Join the dark side.

 

:decisions: 

 

Quote:
Originally Posted by in stitches View Post

As applied to RTW, lets say you want a pair of suede cap toes and you are looking at Meermin, and Carmina, and EG and GG, I think that applying your X, Y, Z formula will be next to impossible.


It doesn't need to be possible to work. It's like using limits in calculus. Yes, we know you can't divide by zero, but look at all the things we can do if we pretend that we can.

post #7945 of 37396
Quote:
Originally Posted by Claghorn View Post

So. Much. Yes.

Stitchy gets me. 

at least once a week i sure do. AYO !


Quote:
They were addressed in the first post. If you were nerdier, I wouldn't have needed to clarify

Join the dark side.

decisions.gif  

if i claimed to have read that post carefully and fully, id be lying. dont hate me.

i like my emotional happy side better, thanksyouverymuch.

Quote:
It doesn't need to be possible to work. It's like using limits in calculus. Yes, we know you can't divide by zero, but look at all the things we can do if we pretend that we can.

lolz. calculus. lolz.
post #7946 of 37396
I feel like I took a wrong turn and ended up at Noodles' Intellectual Masturbation Thread. What happened to the good natured advice?
post #7947 of 37396
Lol. I miss the good old days when we talked about pipes and toilets.
biggrin.gif
post #7948 of 37396
Thread Starter 
I am having trouble coming up with a third sprezz arbitor. Tira, NickP....and.....maybe LK, if he's still around?
post #7949 of 37396
Quote:
Originally Posted by Claghorn View Post

I am having trouble coming up with a third sprezz arbitor. Tira, NickP....and.....maybe LK, if he's still around?

He randomly posts in the David Reeves thread every now and then. I think Greg definitely fits the bill.
post #7950 of 37396
DerekS. SpooPoker.
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