Nominull comments on Participation in the LW Community Associated with Less Bias - Less Wrong

31 Post author: Unnamed 09 December 2012 12:15PM

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Comment author: lavalamp 09 December 2012 04:38:09PM 0 points [-]

I vaguely recall doing math on problem #2, and figuring "$20 in 60 days = $.33 dollar per day = not worth the time it takes to think about it." It looks like most people did some different math; what does that math look like?

On the anchoring question, I recommend putting a "click here to automatically generate a random number" button instead of a link to an external site. I'm pretty sure I read ahead and realized what the number would be used for, and I bet many others did, also.

Comment author: Nominull 09 December 2012 06:44:09PM 4 points [-]

My math was "do I need any more money than I have or could borrow in the next 60 days, no, ok I'll take the higher amount". I suppose this heuristic fails if the higher amount is higher by less than the interest rate I could earn over 60 days, but short term interest rates are effectively 0 right now.