army1987 comments on It's the Same Five Dollars! - Less Wrong

23 Post author: Z_M_Davis 08 March 2009 07:23AM

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Comment author: [deleted] 19 November 2013 03:32:22PM 1 point [-]

To the extent that one buys $15 stuff way more often than $125 stuff, such a decision could make sense for reasons like these, but...

The same pattern was observed for both frequently and infrequently purchased items.

Oh. My.

(I myself used to have the same failure mode. What the hell, young army1987? If anything, after spending $120 I have $110 less than after spending $10, so the marginal utility of $5 should be larger in the former case. What the hell?)