I was thinking of something that is only used occasionally, but for which you value the option to use it even if you aren’t going to use it much. Because going from no-X to X adds the option, the first use has a high value, but the second use does not have as high a value.
This can be calculated by estimating the probability of use times enjoyment, for example a formal dining room and table. Such a feature was not so important to us, so we left it out of our calculations. It’s only salient things that matter :-)
I was thinking of something that is only used occasionally, but for which you value the option to use it even if you aren’t going to use it much. Because going from no-X to X adds the option, the first use has a high value, but the second use does not have as high a value.
This can be calculated by estimating the probability of use times enjoyment, for example a formal dining room and table. Such a feature was not so important to us, so we left it out of our calculations. It’s only salient things that matter :-)