Good Natured Advice Thread (improving a business wardrobe)

Discussion in 'Classic Menswear' started by Claghorn, Jan 6, 2014.

  1. Claghorn

    Claghorn Senior member Dubiously Honored

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    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).

    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, [​IMG]
     
    Last edited: Jun 24, 2014
  2. in stitches

    in stitches Kung Joo Moderator

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    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.
     
  3. Claghorn

    Claghorn Senior member Dubiously Honored

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    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.
     
  4. JubeiSpiegel

    JubeiSpiegel Senior member

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    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...
     
  5. in stitches

    in stitches Kung Joo Moderator

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    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.
     
  6. in stitches

    in stitches Kung Joo Moderator

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    In any case, I bet you are rally proud of those brainy posts you put up. :devil:


    Also, I see you addressed some of my concerns in your second post.
     
    Last edited: Jun 24, 2014
  7. Murlsquirl

    Murlsquirl The Moral Squirrel Dubiously Honored Moderator

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    It's getting super nerdy up in here.
     
  8. in stitches

    in stitches Kung Joo Moderator

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    It hurts a little, dont it?

    But for Clags it is sweet sweet release.
     
  9. Claghorn

    Claghorn Senior member Dubiously Honored

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    So. Much. Yes.

    Stitchy gets me.

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

    Join the dark side.

    [​IMG]

    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.
     
    Last edited: Jun 24, 2014
  10. in stitches

    in stitches Kung Joo Moderator

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    at least once a week i sure do. AYO !



    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.


    lolz. calculus. lolz.
     
    Last edited: Jun 24, 2014
  11. AJL

    AJL Senior member

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    I feel like I took a wrong turn and ended up at Noodles' Intellectual Masturbation Thread. What happened to the good natured advice?
     
  12. Rudals

    Rudals Senior member

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    Lol. I miss the good old days when we talked about pipes and toilets.
    :D
     
  13. Claghorn

    Claghorn Senior member Dubiously Honored

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

    Murlsquirl The Moral Squirrel Dubiously Honored Moderator

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    He randomly posts in the David Reeves thread every now and then. I think Greg definitely fits the bill.
     
    Last edited: Jun 24, 2014
  15. in stitches

    in stitches Kung Joo Moderator

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    DerekS. SpooPoker.
     

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