Ivan_Tishchenko comments on Beware Trivial Inconveniences - Less Wrong

90 Post author: Yvain 06 May 2009 10:04PM

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Comment author: Ivan_Tishchenko 21 October 2015 08:23:17PM 1 point [-]

Examples with credit vs cash may not be quite relevant to "trivial inconveniences". It seems to me, that the key here is, when one uses cash, they are physically giving away something material. With credit card, you just type in pin code, or sign a receipt, or whatever, but that does not register in System 1 as giving away something. So, no cash -- no System 1 intervention, thus less regret on bigger numbers.

Comment author: helldalgo 22 December 2015 01:08:30AM 2 points [-]

Counter example: I spend cash more frivolously than I use a card. Cash, in my head, is money that I've already allotted out of my available funds, and I'm more likely to be tempted to purchase trivial things if I have a wallet full of cash.