Should I Change My Itinerary?

[AJK]

I dare you to find one economist that would agree with your opinion that 52.5k of Dan's UA miles should be worth $0.00 to him. You won't find any. Because it is simply untrue.

Wonderful straw man argument. Nice try.

Nowhere did I say Dan's miles are worth $0.00.

I said his 50K are worth less to him than your 50K are to you.

Law Of Diminishing Marginal Utility. GIYF.

[David Smith]

Your insistence that UA miles are worth something more than $0.00 reveals that you continue to overlook basic economic theory.

The question would be whether the 50k were wasted at the time of burning of at the time of the decision not to sell. In either case, it would be a waste of money.
(Besides, the reason he doesn't sell is because he gets more value out of using them himself. In that light, he'd have to be gaining more than the selling value by his redemption. If I don't sell or cash them out A+ points, and use 10k points to get a $50 GameStop gift card, did I not waste money?)

[ilherman]

If you'd be a Goy then I'd understand why LH F is worth it. Otherwise I'll stick to what I said earlier.

Point to AJK:

You are such an addict that the meaning of "normal" became crazy and the meaning of "crazy" became normal.

Oiy vey vey, Dan, let's say how much of an addict you are. After loosing the votes on DDF for a change and you're still saying "I am torn" implies that you're in AJK's boat.

To all of you: I was there and did some therapy to come back. There is hope. AJK, having a kid at home helps a lot so if you already tried once try again now.

[David Smith]

So you're that guy who runs into a room, hears someone say, "He took the eggs! Is he guilty?" and you respond "Absolutely" because you think that stealing eggs is against the law, notwithstanding the fact that you have no idea why "he" "took" the eggs.

I am the guy that when asked "He stole the eggs? Is that allowed?", would respond "Stealing is not allowed".

[EJB]

Wonderful straw man argument. Nice try.

Nowhere did I say Dan's miles are worth $0.00.

I said his 50K are worth less to him than your 50K are to you.

Law Of Diminishing Marginal Utility. GIYF.

I agree with that. I disagree that they have no value, which you seem to believe.

Your insistence that UA miles are worth something more than $0.00 reveals that you continue to overlook basic economic theory.

For that to be the case, it would have to be impossible for a person to consume his miles given his earn rate and consumption rate. I don't think that's the case for Dan.

And thanks for the Economics 101 lesson. I'm well past that.   

[David Smith]

Wonderful straw man argument. Nice try.

Nowhere did I say Dan's miles are worth $0.00.

I said his 50K are worth less to him than your 50K are to you.

Law Of Diminishing Marginal Utility. GIYF.

How can the marginal utility be worth less than the cash value of an easily  liquidatable asset?

[EJB]

How can the marginal utility be worth less than the cash value of an easily  liquidatable asset?

It can't. The question is how liquid is the asset.

[AJK]

I agree with that. I disagree that they have no value, which you seem to believe.

For that to be the case, it would have to be impossible for a person to consume his miles given his earn rate and consumption rate. I don't think that's the case for Dan.

And thanks for the Economics 101 lesson. I'm well past that.

By all means, please point me to where I said miles have no value. You continue to say it, but fail to substantiate it.

And, as for being well past Economics 101, your posts belie that assertion. Sorry, actions posts speak louder than words claims.

[Dan]

All a moot point, because of the more than legal number of stopovers I can't get anyone to manually price any changes anyway.
I'll give it 1 more go, but then that'll be that. Not gonna stay up another while night for this.

[AJK]

How can the marginal utility be worth less than the cash value of an easily  liquidatable asset?

Another post which betrays the author's lack of familiarity with the particular law of economics we're discussing.

[EJB]

By all means, please point me to where I said miles have no value. You continue to say it, but fail to substantiate it.

And, as for being well past Economics 101, your posts belie that assertion. Sorry, actions posts speak louder than words claims.

Your insistence that UA miles are worth something more than $0.00 reveals that you continue to overlook basic economic theory.

[Dan]

FTR, Moish's line of reasoning that he PMd me worked better than AJKs to convince me.

[EJB]

Another post which betrays the author's lack of familiarity with the particular law of economics we're discussing.

Let's assume UR points can be redeemed instantly at a penny each in one point increments. Let's also assume that Dan has 100 million UR points. Explain how his points can be worth to him less than $1 million. And explain with words, not with meaningless statements about how "this post demonstrates that you lack an understanding of basic economics."

[AJK]

@EJB,

If you think that quote means that I think UA miles are worthless, you're less worthy of this debate than I thought

Contrary to your mistaken misinterpretation, "Your insistence that UA miles are worth something more than $0.00" does not mean I think UA miles are worthless.

"Your insistence that UA miles are worth something more than $0.00" means "Your insistence that UA miles are worth something [how much you value them in in excess of $0 I don't know]"

The point, which went whoosh, was that notwithstanding UA miles are worth some number, that number is less for him than it is for you, which I made pretty clear.

[EJB]

@EJB,

If you think that quote means that I think UA miles are worthless, you're less worthy of this debate than I thought

Contrary to your mistaken misinterpretation, "Your insistence that UA miles are worth something more than $0.00" does not mean I think UA miles are worthless.

"Your insistence that UA miles are worth something more than $0.00" means "Your insistence that UA miles are worth something [however much in excess of $0 I don't know]"

If your point was just that they can be worth different amounts for different people, you should have just said that you agree with me. I agreed to that after you said that he doesn't sell his points. Yet, you still disagreed with my arguments that they have some value. That's why I interpreted that unclear statement of yours to mean that UR points have no value.

[Dan]

Rejected x 3 due to invalid ticket and she warned me not to push my luck again.
Good night ya'll, it's been fun

[AJK]

Let's assume UR points can be redeemed instantly at a penny each in one point increments. Let's also assume that Dan has 100 million UR points. Explain how his points can be worth to him less than $1 million. And explain with words, not with meaningless statements about how "this post demonstrates that you lack an understanding of basic economics."

No, I'm not going to learn you on marginal utility just to save you from doing your own Google research.

Buck up and hit the books.

[AJK]

If your point was just that they can be worth different amounts for different people, you should have just said that you agree with me. I agreed to that after you said that he doesn't sell his points. Yet, you still disagreed with my arguments that they have some value. That's why I interpreted that unclear statement of yours to mean that UR points have no value.

Except, I don't agree with that, at least not in the sense you're using it.

I'm not saying I objectively value UA at 1.2, you value at 1.3, and someone else at 2.7 and therefore UA is worth different amounts to different people. That line of reasoning has nothing to do with our respective balances, a direct component of the law of economics we're (I'm?) discussing, a fact you continue to ignore.

[EJB]

No, I'm not going to learn you on marginal utility just to save you from doing your own Google research.

Buck up and hit the books.

The books agree with me on this one...

[AJK]

The books agree with me on this one...

They don't. And no one else does either.

Law of Marginal Utility says Dan's additional miles are worth less to him than yours are to you. End of story.