What is The Price of Happiness

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Abstract

id="137a">The value of fun is not an exact science. It does not need to consider and to factor in all aspects. To evaluate the cost of fun, you need two numbers:<ol><li>The price for this fun related activity,</li><li>The number of hours you will be spending on this activity.</li></ol>Now, it is easy to determine the cost of fun per hour. Just divide the total expenditure on the number of hours.Example 1: The ticket price to watch a movie is 13 $, and the film which we want to watch is 90 minutes long. Therefore, the cost of fun for this movie is (13$ /1.5hours = 8.7 $/hour).Example 2: A videogame costs 50$ , and the playtime for this particular videogame is 10 hours. Here, we are spending 5$/hour to play this game and have fun while doing so.There is no need to consider the overhead costs of a

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videogame console, nor is there a need to consider the travel costs to and from the movie theater.This fast math allows you to put a price tag on free-time activities. Now you can judge for yourself what is acceptable and what is expensive.I set the limit at 5 $for myself. If an activity costs more than 5$ an hour, I put it into consideration, and I think about it. Below that is considered cheap, and I go for it, no question asked.<h1 id="a3f6">Paying is not everything</h1>The idea mentioned above is to determine general activities. Of course, some activities cannot be judged by this math.Parachute jumping will cost properly hundreds of dollars per hour, but the experience is worth it for some of us. A family trip to Disneyland is invaluable and will charge more than 5$/hour for sure.</article></body>

How much for an hour of fun?

We spend our free time in different activities. We read books, we play videogames, we go out, we travel, and we do epic stuff.

Activities in our spare time come with a price tag. The Prices will vary from less than a dollar to multiple 100$ for each fun related activity. But how to determine what is cheap and what is expensive? How to determine the value of fun?

The value of fun

The value of fun is not an exact science. It does not need to consider and to factor in all aspects. To evaluate the cost of fun, you need two numbers:

The price for this fun related activity,

The number of hours you will be spending on this activity.

Now, it is easy to determine the cost of fun per hour. Just divide the total expenditure on the number of hours.

Example 1: The ticket price to watch a movie is 13$, and the film which we want to watch is 90 minutes long. Therefore, the cost of fun for this movie is (13$/1.5hours = 8.7$/hour).

Example 2: A videogame costs 50$, and the playtime for this particular videogame is 10 hours. Here, we are spending 5$/hour to play this game and have fun while doing so.

There is no need to consider the overhead costs of a videogame console, nor is there a need to consider the travel costs to and from the movie theater.

This fast math allows you to put a price tag on free-time activities. Now you can judge for yourself what is acceptable and what is expensive.

I set the limit at 5$ for myself. If an activity costs more than 5$ an hour, I put it into consideration, and I think about it. Below that is considered cheap, and I go for it, no question asked.

Paying is not everything

The idea mentioned above is to determine general activities. Of course, some activities cannot be judged by this math.

Parachute jumping will cost properly hundreds of dollars per hour, but the experience is worth it for some of us. A family trip to Disneyland is invaluable and will charge more than 5$/hour for sure.