shminux comments on How To Have Things Correctly - Less Wrong

57 Post author: Alicorn 17 October 2012 06:10AM

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Comment author: Larks 17 October 2012 09:45:05AM 2 points [-]

I was irrationally overvaluing the stuff just because it was mine

If you place positive value on the fact of ownership the endowment effect isn't irrational.

Comment author: shminux 17 October 2012 07:01:31PM *  4 points [-]

If you place positive value on the fact of ownership the endowment effect isn't irrational.

But it is worth reexamining this particular terminal value and see if it is indeed terminal. If there is an answer to "I value owning things because..." beyond "because the mere fact of owning things gives me warm fuzzies", then maybe there is a better way to get those warm fuzzies.