John_Maxwell_IV comments on Stanovich on CEV - Less Wrong

13 Post author: lukeprog 29 April 2012 09:37AM

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Comment author: John_Maxwell_IV 29 April 2012 06:32:57PM 2 points [-]

First and second order wants strike me as having to do with near and far modes. (I also suspect near and far explain hyperbolic discounting/procrastination, and maybe also why the Wason selection task is hard (abstractness being associated with far mode) and maybe the endowment effect.)