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Diamonds Are Bullshit

blog.priceonomics.com

391–400 of 774 posts

Re: Diamonds Are Bullshit

#391
post #246

Earlier quoted context omitted.

> Pregnancy and childbirth is a barbaric process Seriously? I guess this just shows one aspect of how screwed up our modern society is.

Have you ever been pregnant or had a child? It's 9 months of misery punctuated by 12 hours of stress and agony, relieved only by the epidural. That's followed by weeks of pain and bleeding, and major bodily changes of various degrees of permanence (stretched out abdominal muscles, stretched out hips). Oh, and post-partum depression. And that's if you're lucky. Childbirth can last way longer than 12 hours, it can invo…

Driving a car is a lot more dangerous than birth. And most of us do that.

But, yes, giving birth can involve complications.

Re: Diamonds Are Bullshit

#392
post #368

Earlier quoted context omitted.

I doubt the point is to demonstrate financial security: Spending three months' salary on a single ring would seem to indicate financial irresponsibility more than financial security (unless it's like a rebate and you sell the ring once you're married? /s). I'm inclined to agree that you're right about the price being the point. I think it has more to do with "You're worth it to me". I still think it's utter bollocks.

"Spending three months' salary on a single ring would seem to indicate financial irresponsibility more than financial security" Not if you have assets that are considerably greater (have accumulated) than whatever your "salary" is.

I don't think anyone's discussing the independently wealthy.

Re: Diamonds Are Bullshit

#393

I see people talking about various things like the (1) (2) (3) arguments for a women to evaluate a man : (1) is the ability to provide; 2) is the willingness to forgo other things (opportunity costs to talk economics) (3) "is demonstrating to the woman's peers her husband's social standing." (signalling) Raynier posted this deep down in a reply which might be lost to you if you don't read all the comments. It would b…

Its' really hard to live life stepping on eggshells worrying about injustices to other people. At the end of the day, I bet most people on this thread drive, and there is very little else that humans do that does more violence to the environment and to other humans than the use of fossil fuels. It goes far beyond that. If you're an American, your comfortable life exists because of the American government's willingnes…

I am all for saying living car free in dense urban environments and relying on self powered transit or public transit. But the lifestyle change there is pretty dramatic for most people compared to a conventional car dependent suburban lifestyle.

Comparatively, there is basically no lifestyle difference required to wear a ring without a diamond.

Many people doing other stupid and wasteful things is a poor justification to do any particular stupid and wasteful thing.

Re: Diamonds Are Bullshit

#394

Earlier quoted context omitted.

It doesn't have anything to do with financial security. Look, if your man is spending three months worth of salary on a piece of shiny rock, he is exercising poor financial judgment and that is a signal against future financial security. Women want diamonds not because of any symbolic reasons ("Diamonds are forever!") but because of reasons that are much more practical: they want to be able to show off the diamonds t…

Financial security and status are two sides of the same coin.

It's funny how this obvious connection eluded most of the higher up commenters.

Re: Diamonds Are Bullshit

#395

Earlier quoted context omitted.

I doubt the point is to demonstrate financial security: Spending three months' salary on a single ring would seem to indicate financial irresponsibility more than financial security (unless it's like a rebate and you sell the ring once you're married? /s). I'm inclined to agree that you're right about the price being the point. I think it has more to do with "You're worth it to me". I still think it's utter bollocks.

> I doubt the point is to demonstrate financial security: Spending three months' salary on a single ring would seem to indicate financial irresponsibility more than financial security "Wasting" resources is one of the ways to make sure that the signal (of fitness -- financial security for example) is honest. https://en.wikipedia.org/wiki/Handicap_principle

The wiki entry you posted mentions this, but it is interesting and related: https://en.wikipedia.org/wiki/Potlatch

Re: Diamonds Are Bullshit

#396

Earlier quoted context omitted.

No less useless than a peacock's plumage or an elephant seal's beach combat.

I still like to pretend that our social skills allow us to elevate beyond primal instincts.

I still like to pretend...

Good, at least you understand it is only an illusion ;)

Re: Diamonds Are Bullshit

#397
post #166

Earlier quoted context omitted.

> so they just leave De Beers to run around gouging consumers That's kind of missing the point. If diamonds were 5 bucks a piece, women would no longer be interested in receiving rings bejeweled by them. A woman wants a man who is financially secure. If you can't afford a shiny rock, you can't afford what's coming after it either, so there's no point.

It doesn't have anything to do with financial security. Look, if your man is spending three months worth of salary on a piece of shiny rock, he is exercising poor financial judgment and that is a signal against future financial security. Women want diamonds not because of any symbolic reasons ("Diamonds are forever!") but because of reasons that are much more practical: they want to be able to show off the diamonds t…

| they want to be able to show off the diamonds to their group of (female) and boost their social status among them.

That's true. But why do diamonds have high social status? Because they are expensive. They are a reliable signal of the wealth of the man. Social status is a proxy for actual wealth and power, and thus the probability of wealth and power for the woman's potential offspring.

Unfortunately they have become such a strong signal that people without wealth to spare feel compelled to over-spend on them. Like a peacock's tail.

Re: Diamonds Are Bullshit

#398
post #357

Earlier quoted context omitted.

It doesn't have anything to do with financial security. Look, if your man is spending three months worth of salary on a piece of shiny rock, he is exercising poor financial judgment and that is a signal against future financial security. Women want diamonds not because of any symbolic reasons ("Diamonds are forever!") but because of reasons that are much more practical: they want to be able to show off the diamonds t…

You absolutely nailed it with this comment. Was reading pieces of the debate out loud to my girlfriend, who is rather rational and intelligent but for some reason still wants a diamond ring (and I couldn't really figure out why) - when I read this and looked over, I knew you got it 100% right. Well done.

Same with my wife. Told her about blood diamonds, and how the price is artificially inflated. She agreed. Still got the diamond ring.

Re: Diamonds Are Bullshit

#399

Earlier quoted context omitted.

"Sexism" has become a dirty word. There's nothing wrong with thinking women and men are wired differently. There have been studies on chimpanzees showing that female chimps choose girly toys (dolls etc), and male chimps choose male toys (weapons, trucks etc) without any outside influence. Yet people act like the human species is different. They believe people only become who they are because of indoctrination into th…

> There's nothing wrong with thinking women and men are wired differently. And nobody is disagreeing with you. It is sexist to say "women are more influenced by marketing" when they are not . If men and women are influenced the same, then making a statement about the difference between them is being sexist. So, if someone can actually provide some data that shows whether or not women are more influenced than men, ins…

I didn't make it clear in my comment - but yeah I don't think women are more susceptible to marketing than men. It's just that women value different things. The original poster values functional items such as cars, computers and cool gadgets. So he thinks that it must be marketing that tricks women into buying non-functional items.

The thing is... if you value how you are perceived by others, then fashion is an extremely important investment. It does serve a purpose to women (and some socially-conscious men).

There is some interesting data that shows women are buying more... just Google "percentage of purchasing decisions made by women." It's over 70% - so it wouldn't be surprising if most marketing is targeted towards women.

Re: Diamonds Are Bullshit

#400
post #350

Earlier quoted context omitted.

Except it happens to be factually, empirically true. Read the behavioral & social psychology literature; double blind experiments.

[citation needed]

I've had this discussion on reddit far too many times with too many incredulous responses to what is plainly obvious if you're willing to see it: http://www.psy.cmu.edu/~rakison/bussandschmitt.pdf

Yes, women seek men with status and financial security. I'd give you a pointer to a specific line or paragraph, but its all relevant.

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