This is a cool channel

when can't you use travel cost method ?

@76takkun

5 жыл бұрын

TCM can be applied to evaluate use value only.

Can you speak abit slower than this, it's way to fast

@br3akit

Жыл бұрын

Go to the settings "cog" icon in lower right of video > playback speed > 0.75 or 0.5

But it seems to me, that I can not evaluate my benefit of goning to, say basketball. If basketball training was more than 6 km away, I would not go there, but I definitly enjoy basketball more, than i hate driving 6km. If it was just for nothing, I would happily go 6km by bike, but if it was for sports, that would definitly stop me. And that seems strange to me. Why is that? (btw I don't have a driving licence, so I go by bike everywere and that might influence my experience, because it is physically exhausting)

@RyanMartinn

8 жыл бұрын

+Symbiotic Coherence it's a matter of utility you receive from the activity. Let's say you receive 30 utility from playing basketball for a couple hours, but you don't like driving and each km you drive "costs" you 5 utility due to the cost of your time, gas, etc. So if the nearest bball court is 6km away and you have to drive at a cost of 30 utility (or say 31) then you won't do it. With the bike you are saying that you enjoy biking, you like the health benefits, the view, etc. In this case you are recieving, or losing less, utility, Say taking your bike to the courts only costs you 1 utility per km; then at 6km you are still getting 24 utility out of playing basketball. The travel cost model is more for environmental cost/benefit analysis, like deciding whether to improve a nature trail or similar. Hope this answered your question.

@symbioticcoherence8435

8 жыл бұрын

+Ryan Martin thanks for answering, but sadly it didn't. I go to basketball by bike, so I have to do sports (kind of) to get there and it only costs my like 8 utility points if basketball gives me 30. That's why I don't get my behaviour. it seems irrational. I know that I will feel better if I ride my bike or play basketball, but i really hate starting

@RyanMartinn

8 жыл бұрын

+Symbiotic Coherence Well I picked arbitrary values, however the main takeaway is that you receive more utility by doing it---playing basketball or riding the bike---than not. You decide that you are ultimately better off using the time and energy doing it than not. Of course this might not be the case every time, the next week you might decide that--for any number of reasons---you are better off playing video games than playing basketball. It might help to have a more concrete example with actual products: a few weeks ago I was on campus and was really thirsty. I decided to buy a gatorade at 1.75 from a vennding machine. The vending machine stole my money, yet I tried again---meaning I was willing to pay 3.50 for the bottle. It stole my money again the second tmie and yet I still tried again and finally got the bottle out for a cost of $5.25, on that day the utility I would get from a bottle of gatorade was so high that I was willing to pay over $5 for it, more than I would normally ever be willing spend. To the difficulty 'starting' though, that would speak more to psychology but consider how you recieve the utility from the biking/basketball. It isn't immediate, you don't feel a sense of satisfaction until the activity is underway. Turning on the playstation may offer you instant, easy utility, making it much easier to pick that over the bike.