David_J_Balan comments on Rooting Hard for Overpriced M&Ms - Less Wrong

4 Post author: David_J_Balan 28 November 2009 07:10PM

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Comment author: David_J_Balan 28 November 2009 10:16:58PM 0 points [-]

It seems to me like you've learned only how much what's actually in your wallet deviated from your best guess about what was in there. If non-wallet wealth effects can be safely ignored, then learning of an $X dollar deviation can be taken as a shock of that size to your total wealth.