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VIDEO: The paradox of value

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.



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But if given the same choice when you were dehydrated in the desert, after wandering for days, would you choose differently?
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Why? Aren’t diamonds still more valuable? Akshita Agarwal explains the paradox of value.
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