By Mitchell Harvey I have a friend who recently returned to her home in Germany after finishing her studies at Monash. Having spent the last two years modeling profit-optimizing and utility-maximizing behavior, she is now baffled by the habits of her parents. Apparently, in Germany, it is incredibly easy to get high-quality bike parts online at very low prices. Despite … [Read more...] about Subjective Value: Why One Man’s Trash Is Another Man’s Treasure