On scarcity and value
Fragments from imaginary dialogues
“Scarcity creates value.”
“What if it’s a scarce thing that no one wants?”
“I guess no value is created.”
“Value is perception.
value = perceived value
We can metaphorically think of scarcity as a value multiplier.
desire = scarcity x perceived value
The fewer you have of something – the fewest being one –, the bigger the multiplier.
If the perceived value is zero, you get zero.
Perceived value creates desire.
Scarcity amplifies desire.”
“The inverse is also true:
Desire creates perceived value.
This is the infatuation pattern. Desiring someone makes you perceive them as more valuable.
Scarcity – they being ‘one of a kind’, ‘irreplaceable’ – amplifies desire.
Only, in this case, the scarcity is an illusion.
scarcity = perceived scarcity”