Yvain 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: Yvain 08 March 2009 11:34:35AM 3 points [-]

Converting between time and money sounds like a good solution to this problem.

If you're interested in the broader psychological mechanism behind this bias, I highly recommend Jonah Lehrer' s blog post on irrational purchasing decisions: http://scienceblogs.com/cortex/2009/02/shopping.php