Without further ado, onto the entry.
Truly, economics and love have many correlations; or at least, unrequited love for a taken lover sweatdrop . Something recently occurred between myself and a young woman who, as much as I don't want to admit it for the pain attached to it, I have fallen for. Indeed, she is a taken woman, but that mattered not in that instant (or ever really, her relationship is a mockery of true love..but that's another matter). It happened, and I loved it.
Unfortunately, time passes by. Though it has been less than a week at the point of this writing, my mind is already ripping itself apart. This is where the economics set in. arrow arrow arrow
That one instant was perfect, but was it worth the mental turmoil I now suffer? Was it truly the right choice? We run into an issue of opportunity cost: the cost of that moment was future mental anguish. Before I had weighed the cost of my choice, the moment had passed. The opportunity cost for that moment feels...uneven.
And then we move to supply and demand. She being the supply, and I and her lover being the demand. The demand is 2, the supply, 1. Obviously this doesn't balance out. She was taken before I was able to approach her; the demand is now 1 and the supply 0.
This brings me to another point; time horizon. When I held her in my arms after the moment passed, it felt as if it was a cruel joke, played on us by time. Had we been brought together earlier, things may be very different. The idea of time horizon is that people will want an object more during a certain time frame. such as if you don't obtain an object by day X, you will never have it...
Which brings me to my final topic: elasticity. Elasticity is a measure of how much a price change will affect people's desire to obtain a product. Inelastic means that, no matter what the price, a man will ALWAYS pay for that object. Currently, her love is, to me, inelastic; there are no substitutes. Not a one.
I realize this piece may have come across as whiny, immature, and perhaps annoying. I realize I deserve a hellish fate for approaching a taken woman, but that does not detract my right to speak of it. Until next time.
Unfortunately, time passes by. Though it has been less than a week at the point of this writing, my mind is already ripping itself apart. This is where the economics set in. arrow arrow arrow
That one instant was perfect, but was it worth the mental turmoil I now suffer? Was it truly the right choice? We run into an issue of opportunity cost: the cost of that moment was future mental anguish. Before I had weighed the cost of my choice, the moment had passed. The opportunity cost for that moment feels...uneven.
And then we move to supply and demand. She being the supply, and I and her lover being the demand. The demand is 2, the supply, 1. Obviously this doesn't balance out. She was taken before I was able to approach her; the demand is now 1 and the supply 0.
This brings me to another point; time horizon. When I held her in my arms after the moment passed, it felt as if it was a cruel joke, played on us by time. Had we been brought together earlier, things may be very different. The idea of time horizon is that people will want an object more during a certain time frame. such as if you don't obtain an object by day X, you will never have it...
Which brings me to my final topic: elasticity. Elasticity is a measure of how much a price change will affect people's desire to obtain a product. Inelastic means that, no matter what the price, a man will ALWAYS pay for that object. Currently, her love is, to me, inelastic; there are no substitutes. Not a one.
I realize this piece may have come across as whiny, immature, and perhaps annoying. I realize I deserve a hellish fate for approaching a taken woman, but that does not detract my right to speak of it. Until next time.
The Economist
