Dretzle Omega
Caldari
Caldari Navy Volunteer Task Force
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Posted - 2010.01.08 21:56:00 -
[1]
 Originally by: Kalexander
Now he could have spent the day before, selling his livestock in one place, and rebuying it at the other for less, but he knows his own livestock, and takes pride in it. The crap he buys on the right isn't as good, at least in his mind, and its his daughters birthday so he wanted to prepare the meal himself.
In your case, he would actually value his livestock more, whereas the OP is saying he values his minerals less. It is mostly immaterial, though, since there is no differentiation between items in Eve. You kind of get this with named and T2 variants.
Originally by: Kalexander
Because it was fun to get, and other options may not be, does that change the rationale in what they mean to you?
Lets discuss!
By all means, do what is most fun to you; it can be satisfying to perform the whole line yourself. But when you start talking about absolute value, Akita is correct, and following the idea of opportunity cost will help you to make the most efficient use of your time for the most ISKies.
For example, let's say I can make 20 Mil an hour missioning, or I could make 10 Mil an hour mining.
Now, I could mine for two hours. I now have plenty of pretty minerals in my hanger. What do I do with them? I could sell them for 20 Mil, or put them together in production for an item I could have bought for 15 Mil. At the end of the day, my value has raised by 15 Mil.
These arguments ignore distance. Factor in the time it takes you to go to where you could have sold the minerals and bought the item and back. If it was longer than half an hour, in my example, then it's just as efficient to "devalue" your minerals and build the item yourself. If it's two minutes, you should have sold the minerals and bought the item for an end of the day value of 20 Mil.
Now for some more opportunity cost. I could have instead missioned for those two hours to get 40 Mil. Buy the needed item for 15 Mil, if I like, but at the end of the day I have increased my value by 40 Mil, twice that of the mining, so for most efficient use of my time I should mission and buy items or minerals.
Again, if you mining is so much more fun, then go ahead and mine. It is a game, after all. 
Originally by: Akita T
BTW, if you see God when you're clutching for your chest due to sudden realization you have no chance to get out of this with your wallet intact tell him he still owes me money
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