The paradox of value - Akshita Agarwal

View full lesson: ed.ted.com/lessons/the-paradox...
Imagine you’re on a game show and you can choose between two prizes: a diamond … or a bottle of water. It’s an easy choice - the diamonds are more valuable. But if given the same choice when you were dehydrated in the desert, after wandering for days, would you choose differently? Why? Aren’t diamonds still more valuable? Akshita Agarwal explains the paradox of value.
Lesson by Akshita Agarwal, animation by Qa'ed Mai.

[@ericahuang4565]

Let's take a moment to admire the smooth animation.

[@andywira]

and the blending background too!

[@yellomelon2450]

And the idea of proposing with a water bottle

[@godbear2930]

+Erica Huang Quite the opposite mam.

[@TotalFreshness]

+Erica Huang Agreed. Butthurt feminists everywhere

[@lizrose1679]

God Bear i

[@faith5584]

The Proposal with the water bottle is so Sweet. :)

[@leonas9843]

100% works when you do it in the desert.

[@faith5584]

LEO Nguyen Haha Yes. :D

[@ke2]

Take your girlfriend to a desert. Make her thirst close to death and propose to her with a water bottle.

[@allenhizon3812]

You should just sell the diamond for a helicopter

[@joshuad1925]

Well then your not gonna have this water, then

[@balishas5908]

Why can't you get a gold water bottle incrusted with diamonds??

[@salinaakhtar8249]

Lol

[@thunderzagario7215]

Its a game show, not FBI's politician report.

[@mirandazhang1359]

that must ne heavy

[@edgemadefoxe367]

@valentina Hasbún Why ?

[@TerribleTonyShow]

I'm casually on a budget and my girlfriend thinks about marriage Me: *Water bottle madam?*

[@vocaloid4ever]

the end was a cute plot twist ^______^

[@nittygritty7034]

+

[@crussaunt285]

I was wondering what you were talking about--and when I reached to that point, I couldn't help but smile.

[@monsoonjr99]

A Californian proposal.

[@davemartino4953]

+Monsoonjr99 Mapping Jesus XD

[@akumikurono3632]

water is forever!

[@musicalintentions]

The proposal at the end with the bottle of water was (pardon the pun) priceless.

[@snekksuperior]

Does priceless mean it's free or really expensive?

[@jessicazhang4543]

@@snekksuperior it means it's so great you can't put a price on it

[@snekksuperior]

Thanks, @Jessica Zhang.

[@tanmaypalkar9861]

@@snekksuperior I can understand English is not everybody's comfortable language. It's great you asked this!

[@user-yn6ij9lm9r]

Rooóœtd was just as likely the way in a different world is it to do it with, as the president has been doing and he said it will make the country more efficient.

[@CountryCowboy008]

"They say that breakfast is the most important meal of the day.... ... unless you're poisoned, then antidote is the most important meal of the day."

[@akshitasrani]

This looks like something Dwight Schrute would say

[@mrflip-flop3198]

Antidote is not a meal. It's medication. Who tf even made this quote?

[@foxtail286]

@@mrflip-flop3198 I want to wooosh you so bad right now, but I would rather not.

[@tmayush]

TIL, that the quote "breakfast Is the most important meal of the day", was used in an advertisement by a breakfast cereal company to promote their product

[@ra8784]

kzbin.info/www/bejne/aqfQhHWmpbh6sLs&ab_channel=AngloLibertarian

[@JaiKrishna787]

Thanks Akshita Agarwal for this wonderful animation on the Paradox of Value. 👌👌👌

[@jayantsharma5209]

Satyajeet Panchal Sorry to spoil but animation is by Qa'ed Mai

[@jasongracesonofzeus]

The voiceover is her.

[@raepiste8354]

Satyajeet Panchal k,sld

[@arnavmohanty6484]

Jason Grace no the narration is by Julianna Zarzycki, the lesson is by Akshita Agarwal

[@detectivl5811]

It's not even a paradox...

[@MegaDragoz]

I wasn't expecting the guy to propose with a bottle of water. That was funny.

[@scarletadventures7682]

Hahaha funny

[@royanque8374]

It obviously had a ring inside

[@thebigenderqueen1586]

😂😅

[@rendyahmad]

It happens in my countryside

[@TristanIraDiocera]

@@royanque8374 three rings actually. hahaha

[@fUZZILin]

WILL YOU MARRY ME?? *takes out water bottle* 😂😂😂

[@annefrank7820]

she would drink it and leave you to die. typical women.

[@themrsnakebitee]

fUZZI Lin there's a Chicken Soup for the Soul story for that

[@pischtato6835]

fUZZI Lin lol

[@draconic-2372]

@@annefrank7820 if she love you back she will not and I don't think that guy will let's she drink just like that

[@aryan_kumar]

@@annefrank7820 What if the water bottle is already empty?

[@redcharget5894]

Shopkeeper: water or diamond Me: water *1 month later* Me: starves to death

[@PhantomSocke]

Next make a video on the topic "The paradox of getting wet when touching water"

[@sour__casm]

The reason why water is wet is because it has adhesive forces.

[@offandsphere6788]

that does not sound good

[@yagomizuma2275]

water isn''t wet, cloth isn't wet, but if you mix them together, the cloth becomes wet

[@alex2005z]

@@yagomizuma2275 but what if you put water in water?

[@yagomizuma2275]

@@alex2005z then the water becomes wet

[@BigMathis]

To those of you who don't think this is a paradox: you are right. It was, however, a paradox to Adam Smith, who at the time had no concept of marginal utility. That concept emerged almost a hundred years later in what is called the marginal revolution.

[@ra8784]

kzbin.info/www/bejne/aqfQhHWmpbh6sLs&ab_channel=AngloLibertarian

[@carlosboii1239]

Nerds be like

[@siddhaarths5294]

Thank you for the info👍👍

[@novkorova2774]

Was just gonna comment about that, labor theory of value does not offer a good representation of reality.

[@dragonmb7]

And this type of paradox is called a falsidical paradox for this reason.

[@rolan638]

This is not a paradox. Value is relative, that's all there is to it.

[@Astfresser]

exactly. missuse of the word

[@wojtekimbier]

My thought exactly, we value what we need or want at any given moment.

[@JonatasAdoM]

Relative to each person and price is relative to what value people associate to it that makes them willing to pay said amount for.

I was just about to say something like that.

[@josephfox9221]

the paradox is why do people chose diamonds over water when water is more valuable to living. adam smith answered it and thats what you just watched

[@SK-by6qd]

Who else noticed that the movie was actually the script for the video?

[@JamesTTierce]

Huh?

[@leadnitrate2194]

S K Probably everybody

[@aronblancia2272]

EVERYBODY

[@HoradeFidges]

@@aronblancia2272 Well, not me

[@molly.dog8brooke792]

Jorge Emilio **Most people**

[@EklavyaGoyal]

An Indian narrator! That's amazing, I'm proud of you, lady!

[@dontspikemydrink9382]

Eh no she isn't...

[@pravneetkaur2010]

That lesson was by her and her name seems Indian...you don't know her nationality!

[@luiskuraica2907]

More and more pizza does not become less valuable.

[@georgecataloni4720]

You can't eat a million pizzas.

[@fundemort]

how about i drop a billion pizza on your roof

[@ananinnikahi9718]

+George Cataloni thats what you think

[@BreatheManually]

+George Cataloni thats when you feed it to african children

[@lalalolo49]

Pizza never respect logical law. I'm full but i can't still eat, and i continue untill there is no pizza. or i'm not hungry but i eat that pizza anyways

[@3aBap4uK]

The most simplified and perfect brief explanation that should every ECONOMICS student learn. I think that all text books and regular tutorials should be done your way. AMAZINGLY Simple, but EFFECTIVE to learn

[@typhoonofideas]

So profound yet simple message and animation. It inspires me to aspire to create more content at least remotely similar to this. Thank you.

[@colorx6030]

this makes me miss my economics class ;(

[@notaperson6646]

This seems common sense to me

[@coreylando6608]

It's a simplified analogy to explain an economics principle. And it succeeds.

[@yosyp5905]

The base of economy is common sense at this point... doing the opposite would result in a failure

[@mistercaptain6102]

almost, people still say things like 'gold in INHERENTLY valuable when talking about investing and junk, and that's simply not true because if in a desert you'd take a $1 water over a bar of pure gold.

[@avisshek-1312]

Common sense is not so common in today's world

[@nyxato7649]

+Avisshek I dont care how much you want to sound like an anti-millenial poet, there's no human being alive that would pick diamonds over water in a life or death situation. It's extremely common sense.

[@brycerothschadl]

Where's the paradox? Each thing is worth more based on the situation

[@animesloversunited9069]

in 69 likes . even upside down

[@thegaminggeek8504]

Bryce Rothschadl The paradox is why does each thing is worth more based on the situation?

[@Chrisplumbgas]

Bryce Rothschadl not sure if thats true, it seems thar a wanted child is priceless, unwanted child us medical waste but does it have any worth from another reference point? Say if no one knew of it's existence yet?

[@purplemadness195]

Bryce Rothschadl apparently that’s the paradox they were talking about

[@minh9545]

I would use the word relative instead of paradox.

[@somazwolf5714]

Props to Qa’ed Mai who animated this beautiful video

[@xchemicalXladybugx]

I'm loving the dance animation

[@JeffThaCher]

giphy.com/gifs/3yCuexQhVsXJu

[@eklectiktoni]

Me too.

[@oliverpavard8699]

@@eklectiktoni me 3 it was very funny

[@JoshuaParkk]

Yea wait in 50 years water will be the most expensive thing in the world

[@sanzharakayev5645]

I thought that too

[@yosumarainesuable]

*clean water

[@dan339dan]

Water purification is on the rise. It is less and less expensive to do this.

[@misterosc]

Desalination

[@Drsivric]

2020 my estimate

[@DarkAK2]

the ultimate source of value is friendship

[@happydays6777]

hippy

[@christianmedina26]

your comment made me chuckle

[@michaelrosche]

Nah, human relationship on a friend level isn't important to everyone.

[@secala5540]

+Michael Rosche unless ur in anime

[@nustada]

Put government in charge of the Sahara and you will be out of sand in 50 years.

[@allyzapena1001]

currently learning economics and this is a very informative and concise lesson video!

[@FooBarBash]

This was a really great way to simplify some ideas that otherwise sound intimidating or overly complicated. And I imagine probably are a lot more complicated... but still, thank you for the informative and interesting video!

[@K_Huss]

Still searching for the paradox

[@Slendermanfreak]

same

[@Ania30038]

You stupid

[@Slendermanfreak]

Alissa Audet :(

[@marlonyo]

paradox: a statement or proposition that seems self-contradictory or absurd but in reality expresses a possible truth.

[@xnax1993]

In other words: the video doesn't contain a paradox.

[@Cameron-rf9gt]

I feel like this could be much more easily explained by discussing value through scarcity. The reason diamonds have monetary value is because of how hard they are to obtain compared to something like water (which is everywhere in a developed country). Utility is a factor (since diamonds still would maintain value in a desert), but I think scarcity is still very important to this discussion.

[@UshnishChatterjee]

Very true!

[@moanguspickard249]

But diamonds only utility (outside of industries) is the agreed value and trade possibility. You buy diamonds because they shkw youre rich and you can resell them. And both are derived from scarcity. Water outside of deserts istn scarce and therefore neither valuable or exchangeable. But scarcity in and of itself isnt that valuable, unless we give it meaning (there are more scarce stuff than diamonds or gold, and conversely paper is not scarce but paper money is)

[@ritabanbasak7062]

This video encompasses some most important basic theories of economics .❤️❤️👍🏻

[@michaelwoodard8474]

As a magic player, I've learned all these lessons one at a time, the hardest for me though was diminishing value vs eventualities. It was at this point that i understood the concept of regret.

[@severedize]

A genius economist discovered common sense in the past.

[@severedize]

Common sense then, it's good for the economy if everyone works 7 days a week and dies at work, not good for people though, genius, thanks.

[@severedize]

You wouldn't understand Mr Robot. Enjoy your confusion/wisdom.

[@severedize]

2 paragraphs to explain common sense, genius.

[@jw8628]

lol wow... ok.. what he's trying to say is that the video was useless. It's like receiving a 300 pages manual titled: " How to open a bottle of water in 257 easy steps" What was explained is stuff, most people even the most ignorant person could have figured out by themselves without taking econ course in college. Now, people usually tend to feel insulted when you explain extremely simple stuff to them and will think: "Who doesn't know this???? Why is it necessary to explain this???" Now  "Law of diminishing marginal utility return" vs :" People stop eating after they are full" Same idea but hat was the point of naming the phenomenon and giving it that long name and being famous for that??? it's like the author of the book 300 ways to open a water bottle saying: when you twist the top of the water bottle (looks left and right) it opens...( OMG mind blown!!!!) it's called the twist-to-the-right-with-the-right-amount-of-force phenomenon and being remembered 200 years later for that and all his other glorious work such as "how to open a door" and the "how to sit on a chair without falling" and let's not forget the legendary "How to watch tv". Sorry for the sarcasm but I didn't have the choice. Anyways, I think that's what Ben R meant. But yes model can be useful and help planning for projects and decision making.

[@Aetheriaa]

Ben R it's basically explaining that 'common sense' so people would know in detail, not just taking it for granted.

[@72superhero]

What if i choose water in the game show because i was just thirsty?

[@Mackeye_]

I think you could wait for 3 minutes, xD ;D

[@fundemort]

then u're stupid. u could just ask the host, or u could just drink before the show.

[@justderp5713]

what if you lived in a world where all the water in the world was sucked up and someone discovered how to mass produce carbon to make fake diamonds? HUH!?! only explanation would be aliens

[@ryancox8717]

To be fair diamonds have a shit resale value because they're so common

[@minecraftminertime]

Fundemort Grey Prime Defender of Truth and Justice Then* you're* You* you*

[@user-kc2hg3cb5m]

It's been a long time since I've added a video to my favorites. The day has come after a year or so, that I add a video to my favorites. I assume it's because TEDEd just told everything in this video 100% right, which is almost unreachable on youtube. But they hit the point and that's impressive

[@ABHISHEKPANDEY-pp8rq]

Great animation, narration and content. Keep up the good work Ted-Ed!

[@tris3952]

3:28 "Will you open this water bottle for me?"

[@mnlxlover00]

LOVE the animation on this!

[@user-ci2lg1lw5b]

상황에 따라 물건의 가치가 달라지듯이 사람의 가치는 정확하지가 않고 얼마나 많이 사용한지도 가치를 변화시킬 수 있는 것이 놀라웠습니다. 유익한 영상 감사합니다.

[@jadounn.e]

as a french student who study economy, thank you this video is very clear

[@nicoleo.2462]

Great video! Pretty much my economics class, but taught in less than 4 minutes

[@henri8286]

1:30 me when it's friday

[@bwaidelich]

0:25 me when it's monday ;)

[@erek]

😂

[@tot__4389]

Today is Friday two year later coincidence?????????

[@tracydu8052]

asatya anarth You know it isn’t rare for it to be Friday right

[@snehajaiswal5778]

Thanks TedEd. This video really helped me and my friends to understand this concept for school.😊

[@abhidwij212]

great video. we need some more videos on the basic principles of Economics.

[@punkt646]

So basically, you shouldn`t upload more to be not effected by the law of diminishing marginal utility

[@superstorm500ify]

I noticed that with a lot of big youtubers, the ones that upload daily usually get less views than ones that upload once a month or even less frequently. In this case, I'm using NigaHiga with around 17 mil subscribers and pewdiepie with around 48 mil subscribers. (I know they're incorrect but I'm too lazy to look it up and re-type this). NigaHigas videos are very in-frequent and get almost double the views of pewdiepie a videos despite the subscriber difference. There are exceptions where some daily up loaders still get a ton of views relative to their subscriber count (very active audience). I've also noticed that if you take too long to upload (e.g a year), your "utility" value of your videos goes down as its seen as less relevant.

[@nyxato7649]

It's the same situation with JonTron. He barely uploads, but when he does, you know you're gonna be watching that video.

[@Ahmadbeik99]

Reminds me of buzzfeed

[@harstar12345]

Depends on your value decrease in the time it takes you to upload, people like you less tomorrow than they did today. To counter this, people upload very high quality videos if they're releasing one a week/month. There's usually a few things to juggle with this question.

[@fredrickotieno4271]

yes if you uploaded and viewed the same video over and over

[@LividLobster]

that animation was dope

[@MGP_2024]

This is the very essence of business and commerce. Different things are valuable in different scenarios, geography etc

[@AlexandreHolanda]

Muito, muito bem boledo e bem feito. Congratulations!!! Very good animation and clever!!!

[@Barkotina]

Hi, what software did you use to make this animated video?

[@CandyCaneArms]

You know with the price of bottled water, I wouldn't be surprised.

[@apg13997]

I liked the way you guys used the lightsabre to make a graph.

[@diamondborealis454]

There's a couple paradoxes easily pointed out here if you don't think too hard. The paradox is that "value" is normally defined for us, but it is actually us who define the "value" of something, which she said was utility. And then she also basically said that too much of a good thing(such as diamonds or our favorite food no matter how good it is) is a bad thing.

[@pavan14vamsi]

diamond is more valuable than water monetarily. but our life is more important to us. therefore

[@fadeddemons7979]

money wise: diamonds survival wise: water

[@davidace5864]

pavan vamsi in the desert people will pay more money for water than diamonds

[@unaskedBeef]

Only me and 6 others liked this comment.

[@ansh6370]

Show-off wise: diamond Living wise: water.

[@power_of_Christ_God]

Diamonds are worthless....not even a rare gem....thats a fact!

[@genericprofilename9720]

My best friend of five years gave me a full water bottle for my birthday...

[@ystshortfilmsstudio9564]

This is also the game of Demand and Supply... At the first time, water has a less supply... That's why it was more valuable than diamond... And the second time, there was enough supply of water and diamond... Therefore demand for Diamond increases too.... According to Dr. Alfred Marshall, " Other things being constant the higher the price a commodity, smaller is the quantity demanded and lower the price of a commodity, larger is the quantity demanded..." The all is briefly explained in his Book, " Principles of Economics"... Also diminishing Marginal Utility needs continuity of consumption, Homogeneity, Single purpose of usage, Constancy etc to satisfy the law....!! SORRY IF I WRONG IN ANYWHERE...

[@kaur8963]

I really appreciate.. !! The work done on explanation.. !! Keep up the good work 👍

[@bagandtag4391]

What about ice cream tho, it never decreases its value.

[@yessauce9971]

everything decreases or increases in value

[@Sethoshini95]

even if it melts?

[@Thaliah]

Did you watch the video?

[@bagandtag4391]

Setho shini SPECIALLY if it melts.

[@VincentHendriks]

+Astin tibet ye, value is determined by the amount of accessible resources of this object. if diamonds would be mass produced, diamonds would be nothing, if your the only man on earth that has access to a large water supply, and everobe has to come to you for water. then you are the richest person on earth.

[@simontigerhajen]

This is not a paradox....

[@JustNatax3]

Yes. The law of supply and demand determine the value, and your basic needs need to be satisfied before thinking of long-term investment. I mean srsly.. that's not a paradox. It's fuckin common sense

[@LagiohX3]

+John Doe ohhhh

[@simontigerhajen]

***** omg so deep

[@TheZachary86]

It was a paradox several hundred years ago. Its been solved

[@simontigerhajen]

YC A paradox does not simply "get solved"

[@adityadeshlahra4369]

Amazing...!! I have read this basic economics before...but this animation is easy and relatable.

[@johnsalleuf9350]

wow this brings me back to grade 9 economics class, which is uhhh barely three years ago. it's nice to reflect on how lessons in school is applied on real life. makes me feel smart haha

[@Bhavishtraders]

1:40 those dance moves are HILARIOUS 😃😁😆

[@YTfancol]

Water is priceless.

[@fox.9453]

that ending melted my heart 😍

[@randomspectator39]

Wow I love this art style

[@hexxvixtar3283]

animation = "Will you marry me?" *Give water bottle* "YES I WILL" Irl = "Will you marry me?" *Give water bottle* "Um... Are you on drugs or something?"

[@SquareSquidStudios]

When the choice was offered every 5 minutes, I chose a diamond first... Which is pretty much what I do in real life. I put investment before myself... I kind of wish they explained what if you didn't choose water first...

[@vintjulep414]

i'm pretty sure they meant that you didn't know that you would be offered the choice every five minutes, so at first it seems a rarity and you get all the water you can while it lasts (since the endpoint is uncertain)

[@abeljudah6341]

I would alternate. I would take one bottle of water to drink and then get diamonds until I get thirsty again. Then I would get water again and get diamonds until I'm thirsty again and so on.

[@hengkygunawan300]

+Abel Judah no you wouldn't, because there's no guarantee there will be water option next time, which means certain death from thirst in the desert.

[@abeljudah6341]

+Hengky Gunawan um, no. You can't dictate my decisions, and you can't say how much longer it will take until I am out of the desert. So, I would do that, and I'd be just fine.

[@gopinathbhat1789]

Utility is explained in a very paraphrased manner. Animations are bravado thus making the process of learning really efficient. Keep Up the Splendid videos!!😀😀

[@sushantsharma654]

Yeah one must agree to that

[@jashnchahal7544]

Guys, please come up with more such amazing videos dealing with economics. Great work.

[@juansantiago358]

Where was Ted-Ed when I was struggling with economics classes. This video is awesome!

[@TheArezmendi]

Harambe is priceless

[@DesertHash]

bless up

[@omarwaked1]

+‫أنا بطة‬‎ إنتا بطة ؟؟ 😂😂😂😂

[@redsyko7505]

le harambe memes are not funny

[@cunt8027]

Double post please remove this one

[@audreyn1996]

harambe has no value as a meme

[@yb3047]

wonderful conclusion !

[@rainerlippert]

Hi, thanks for the video! It stimulates discussion. But there is no value paradox. When exchanging a commodity for an object of value, the value is assigned to both commodities by both exchange partners. Before the exchange, the two exchange partners usually have different views on the values of the exchange goods. For the exchange, both must agree on a common value within the framework of the value relationship that they enter into with one another. Only when they form a common quantity of value and in this case the needs of both for the commodity and the value equivalent are still large enough for an exchange will an exchange take place. For the exchange, both exchange partners assign this common value to both the goods and the value equivalent. Usually the value equivalent is money. The expenses with which the goods are made available usually have to be replaced by the exchange (in the case of produced things, Marx formulates it with c + v) and a little more has to be paid - an surplus value that the seller considers sufficient (with Marx s) so that production, sales, artistic performance, etc. can be continued, improved and expanded. Likewise, the buyer would like to receive something equivalent in value for the expenses that he needed to work out the required amount of money. When exchanging the diamond in the desert for a bottle of urgently needed water, the only the usual approach to the exchange is deviated from: the owner of the diamond will not insist on being reimbursed for the expenses that he had to purchase the diamond. If both agree on a common value, that is also the value size or the value that both assign to the diamond and the water in this situation. From the large number of exchanges, the average values for diamonds and water can be calculated over time.

[@labyrinth7129]

I can just imagine Bad Guy playing at 1:29

[@mrflip-flop3198]

Imagine despacito.

[@labyrinth7129]

@@mrflip-flop3198 I guess, but Bad Guy is more controversial, one half like it, the others don't. On the other hand, nobody likes Despacito

[@jordan3400]

1). This is not a paradox.. but sure.. I'll let that slide. 2). Wait what? The graph shows the value of the bottle of water decreasing and the diamonds value increasing. This is incorrect. First off.. the value of the diamond doesn't change. It's relative value changes as the water becomes more or less valuable, as a diamond isn't any more or less useful depending on your location in the desert. 2b) the waters value doesn't change gradually. It doesn't matter how far into the desert you are.. if you need a bottle of water to live, it's value is consistent, if you don't then it may become more gradual due to comfort.. but would dramatically drop below the diamond anyway. Basically.. would you want a bottle of water any less if you were 10 minutes from dying instead of 60? No. No you would not.

[@what3374]

..., I get it

[@sai-bi2rh]

the value of diamond NEVER changes. it is the satisfaction of the value of the product that does. and this satisfaction (hypothetically) is measured in utils as given by Alfred Marshall. So, yeah.

[@AlexVoxel]

The proposal at the end was great!

[@berhanunetsanet8555]

Amazing description!

[@TB--sp9wy]

2:44 there's a flaw with this argument. Iverson seen the Lord of the Rings more times than I can count. And still value it highly

[@gremlin2305]

TB - 1497 me with harry potter

[@pravneetkaur2010]

The consumption has to be continuous as per the law...imagine watching it in a loop

[@Michaelzeleznik4765]

I learn more from 3:45 minutes of youtube than i do in 6 hours of school

[@CC-bigig]

So true mate.

[@adrianatgaming8640]

Jonny Townsend i go to school from 7:45 to 3:10 sometimes as late as 5:00 so i have 8-9 hours of school

[@coolpeople4061]

Me I have let's see s 7:45am e 2:45pm hwe 4:00 pm 8 and a quarter

[@soccercontenthd5155]

Michael Zeleznik me too

[@soccercontenthd5155]

i have 7 hours of school

[@ajaythomaslukose1635]

Animations are really illustrative. Good job

[@RandomJake]

I'm Holding Back Tears This Video Is So Powerful.

[@jeffbarely5168]

boy shut yo sensitive ass up

[@akshitpatil7098]

"You have the best voice ever Akshita" - Akshit

[@priyanshujain5597]

It was narrated by Julianna Zarzycki

[@cuteasduck6192]

Akshit Patil my name is akshita😂

[@priyanshujain5597]

@@cuteasduck6192 lol

[@chiarardn2401]

Akshita is the one who wrote the screenplay, Julianna Zarzycki is the one who narrated the video.

[@Brian-dc7vg]

The thing is diamonds have no value and it’s just that the industry was monopolized and selectively distributed to make them seem rare and expensive. So yeah water bottle 100%!

[@abhijitborah]

Movie hint; very smart. Thanks from the bottom of my heart.

[@jordan9212]

Great animation style

[@weedduck619]

2:48 star wars refrence

[@donovanbossinger6949]

I think I'm also going to propose with a bottle of water

[@SharkIceCreamYT]

...I sure hope you show her this video afterwards.... And probably buy an actual ring too

[@lol49031]

+SharkIceCream RAG2 ring made outta water?

[@lol49031]

+LagiNaLangAko23 only works in siberia

[@MikhaelAhava]

Yeah…

[@pmtclock]

You go gurl

[@arween.]

value is always relative, i didn't think any more explanation than that was needed.

[@sothia1]

Great video. Explain most economic theory.

[@SolarPoweredTorch1]

“Will you drink this water?” “Sure.”

[@MaartenvanRossemLezingen]

But what about diamond water?

[@vitalnutrients744]

Maarten van Rossem Lezingen diamond have carbon, water have h20. Humans have carbon and 70% h20

[@celsaprado4185]

Thank you

[@LeonardBillsMcGoatPryor]

*_"...When it comes to most things, the more of it you require, the less useful or enjoyable every additional bit becomes..."_* 0-o Wow. Really deep and mature lesson for the folks who want to be rich and famous.

[@solomon2532]

save your time I'll some It up.. Yes the person goes on to explain that a bottle of clean spring water has more value than a diamond the end

[@sai-bi2rh]

Weeaboo Generator it's "sum", not some. duh

[@Benimation]

water bottles are a girl's best friend

[@AbrahamSalazar210]

This paradox can be easily solved by basic economics. Being an economics major myself, I am pleased.

[@blibity2295]

Really good video! Thanks for sharing.

[@TheLaughingOut]

I like how in the end the ultimate sources of value and the examples given are not at all related to market value and not subject to diminishing marginal utility. In fact, they're all very communist. They require the valuing of another person instead of thinking about how you can exploit them.

[@BigGamer2525]

Kolev Antonio no u

[@florance333]

There is no paradox, value is a completely subjective construct, so nothing has any inherent value. Value only exists for the brain subjectively judging that value.

[@blame7121]

I don't see how this is a paradox, more like common sense. When you have an abundance of something, its value is diminished, but when you're lacking something that you actually NEED (especially if it's something that would keep you alive), it's priceless. What I would actually call a paradox is how you can charge 100x more for a T-shirt just by slapping "SUPREME" on it

[@VishwasGalav]

It's about demand and supply.. Save your 3 minutes

[@siriustheislandprotector9720]

Vishwas Galav it’s more fun to look at this

[@howenator]

*congealed homogeneous human labour*