The paradox of value – Akshita Agarwal

By: TED-Ed
Via YouTube | August 29, 2016

Imagine that you are in a contest and you can choose between two prizes: a diamond or a bottle of water. It’s an easy choice: diamonds are more valuable. But if you are given the same option when you are dehydrated in the desert, after wandering for days, would you choose differently? Why? Are not diamonds still more valuable? Akshita Agarwal explains the paradox of value.

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