Would You Give Up The Internet For 1 Million Dollars?

Would You Give Up The Internet For 1 Million Dollars?

Video Analysis for Would You Give Up The Internet For 1 Million Dollars?

April 15, 2014

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05:09

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VIDEO

Would You Give Up The Internet For 1 Million Dollars?

The number of Internet users worldwide has now surpassed two billion and so many of us have integrated the web into our lives so much that it’s hard to quantify how much it’s worth to us. But why not give it a shot? Think about it.


How much would someone have to pay you to give up the Internet for the rest of your life?


Would a million dollars be enough? Twenty million? How about a billion dollars?


"When I ask my students this question, they say you couldn’t pay me enough," says Professor Michael Cox, director of the O’Neil Center for Global Markets and Freedom at Southern Methodist University’s Cox School of Business.


The free market, says Cox, creates a huge gap between what consumers would be willing to pay for Internet access and how much it actually costs.


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