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Brett Favre Discussion
Favre says Rodgers will "shatter everything I ever did"
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<blockquote data-quote="jaybadger82" data-source="post: 502333" data-attributes="member: 6211"><p>(1) Marginal utility is a pretty intuitive concept: the value (or "importance") of money to a rich person is less than the value of the same amount of money to a poor person. What does an extra $10 million dollars mean to Bill Gates? -Not much: it won't have a significant impact on what he can afford to buy or his lifestyle. But that same $10 million dollars has a much greater impact on the lifestyle of someone like you or I. With that kind of cash, we're probably looking at new homes, new cars, new tax brackets...</p><p> </p><p>Similarly, while I might jump at the chance to film a commercial endorsing some crap like Icy Hot in exchange for $500,000, that offer is far less persuasive to someone worth $40+ million. (Keep in mind, you're going to lose a healthy portion of that $500,000 in taxes.)</p><p> </p><p>This is part of the reason I'm skeptical of the idea that Favre's reconciliation with the Packers is motivated by greed: the sum of money that's out there to be made (and I don't think we're talking about more than few million in <em>revenue- </em>not <em>profits</em>, mind you) has little marginal utility for the parties involved (the Packers organization and Brett Favre).</p><p> </p><p>(2) If you mean to say we've established that Favre is motivated <em>exclusively</em> by money, I would have to disagree.</p></blockquote><p></p>
[QUOTE="jaybadger82, post: 502333, member: 6211"] (1) Marginal utility is a pretty intuitive concept: the value (or "importance") of money to a rich person is less than the value of the same amount of money to a poor person. What does an extra $10 million dollars mean to Bill Gates? -Not much: it won't have a significant impact on what he can afford to buy or his lifestyle. But that same $10 million dollars has a much greater impact on the lifestyle of someone like you or I. With that kind of cash, we're probably looking at new homes, new cars, new tax brackets... Similarly, while I might jump at the chance to film a commercial endorsing some crap like Icy Hot in exchange for $500,000, that offer is far less persuasive to someone worth $40+ million. (Keep in mind, you're going to lose a healthy portion of that $500,000 in taxes.) This is part of the reason I'm skeptical of the idea that Favre's reconciliation with the Packers is motivated by greed: the sum of money that's out there to be made (and I don't think we're talking about more than few million in [I]revenue- [/I]not [I]profits[/I], mind you) has little marginal utility for the parties involved (the Packers organization and Brett Favre). (2) If you mean to say we've established that Favre is motivated [I]exclusively[/I] by money, I would have to disagree. [/QUOTE]
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Favre says Rodgers will "shatter everything I ever did"
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