> We know this intuitively. We pay premiums for Swiss watches, Hermès bags and old properties precisely because of the time embedded in them. Either because of the time it took to build them or because of their age.
Oh, I thought it was because they're a way to show off about being rich.
> We require age minimums for driving, voting, and drinking because we believe maturity only comes through lived experience.
Even if she could reach the pedals, my 4yo doesn't have the attention span to drive. This isn't a "lived experience" thing, it's a physical brain development thing. IIRC the are effects with learning math, where starting earlier had limited impact on being able to move to certain more advanced topics earlier; ie there's more going on than just hours of experience.
The standard age for voting is also the age for being a legal adult. There are sound logical reasons that these ages should match.
The standard drinking age is due to pressure by activists, and AIUI is lower in other countries.
> Oh, I thought it was because they're a way to show off about being rich.
Maybe for some. I think these examples were carefully chosen. Hermès are made in France, "Swiss watch" doesn't automatically mean Rolex, though in that case Rolex does own most of their manufacturing (though there is a whole world of carefully made watches out there that don't cost 10K). As for old properties... there is a huge range there, but unless you are living in a castle, most people, at least my city, are likely silently thinking: "I'm so sorry for them that they have to live in that old house."