billswift 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: billswift 08 March 2009 02:17:02PM 2 points [-]

I've come across this problem before - what the problem really is is the inappropriate use of proportional savings ($5 is a higher proportion of $15 than of $125) when the attention should be on the absolute savings ($5 in either case) because of the way the problem was framed. The way the problem was presented in this post actually obscures this point.

Comment author: prase 09 March 2009 02:02:55PM 2 points [-]

What use of proportional / absolute savings exactly is appropriate? Can you be more specific in which point is obscured by the framing?