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. [3:46]

Concepts

perspective

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Additional Tags

decision, situational choice, ted ed: the paradox of value, value, utility, wealth

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Classroom Considerations

• Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)
• The intended use for this resource is Instructional|practice