Money has great, and nearly universal, instrumental value. That people give up money for status is not proof that status is terminal, but it’s bayesian evidence.
Statues also has instrumental value. People give up status for money as well.
One possibility is that people are performing arbitrage between status and money, as the relative costs and instrumental value of status and money change for them. Another is that they are both terminal values competing for each other. I see no way to distinguish between the two.
Money has great, and nearly universal, instrumental value. That people give up money for status is not proof that status is terminal, but it’s bayesian evidence.
Statues also has instrumental value. People give up status for money as well.
One possibility is that people are performing arbitrage between status and money, as the relative costs and instrumental value of status and money change for them. Another is that they are both terminal values competing for each other. I see no way to distinguish between the two.