Putting a Price on Fun

A few years ago, my wife and I considered buying a boat. We both grew up water-skiing on the lakes here in Utah, and some of my best memories involve being on the water. I was talking about this with my friend Eric, because he has a boat, and he introduced me to his “cost per units of fun” concept.

“Over the years,” he said, “I’ve looked back carefully at the things we’ve done that have been the most fun for our family. Above all else has been our trampoline. It cost us considerably less per unit of fun than anything else I could think of. In second place were our motorcycles. Then way down on the list, like a long way down behind motorcycles and trampolines, was the boat.”

Read the rest of the article on The New York Times.