Has there been any work done to quantify the effect as part of an overall cost calculation?
For example, let’s say that certain object X is sold as a subscription (buy us for 1 week, pay A, buy it for 1 month, pay B, and buy it for a year and pay C where A per day>B per day>C per day). There is obviously a certain amount of inconvenience each time I have to go through the order page.
If having access to X is necessary 2 days per month, it’s easy to calculate the best option (probably A) per year:
A/2 days * 12 months in a year
B/2 days * 12 months in a year
C /(2 days * 12 months)
Would adding the inconvenience cost be something like:
(A/2 days + transaction cost) * 12 months in a year+ cost of not having it on the days you want it because it’s too troublesome and you’re too tired * p(being too tired and exhausted) * 12
Has there been any work done to quantify the effect as part of an overall cost calculation?
For example, let’s say that certain object X is sold as a subscription (buy us for 1 week, pay A, buy it for 1 month, pay B, and buy it for a year and pay C where A per day>B per day>C per day). There is obviously a certain amount of inconvenience each time I have to go through the order page.
If having access to X is necessary 2 days per month, it’s easy to calculate the best option (probably A) per year:
A/2 days * 12 months in a year
B/2 days * 12 months in a year
C /(2 days * 12 months)
Would adding the inconvenience cost be something like:
(A/2 days + transaction cost) * 12 months in a year+ cost of not having it on the days you want it because it’s too troublesome and you’re too tired * p(being too tired and exhausted) * 12
?