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NancyLebovitz comments on Checklist of Rationality Habits - Less Wrong
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[Edit] But his utility function would predictably change under those circumstances.
I know that I have a status quo bias, hedonic treadmill, and strongly decreasing marginal utility of money (particularly when progressive taxation is factored in).
If I made 2/3 of what I do now, I'd be pretty much as happy as I am now, and want more money; if I made 3/2 of what I do now (roughly the factor described in the OP), I'd also be pretty much as happy as I am now, and want more money.
The logical conclusion is that we should lower the weight of salary increases in decisions, the opposite of the conclusion proposed here.
Shouldn't we include the costs of moving? Even if the social costs are held as negligible (they probably shouldn't be), there's the time spent and the monetary costs of moving.