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Benquo comments on The Affect Heuristic - Less Wrong

37 Post author: Eliezer_Yudkowsky 27 November 2007 07:58AM

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Comment author: Benquo 28 November 2007 10:59:00PM 2 points [-]

Barkley Rosser,

The monetary payout isn't higher for the more emotionally valuable object -- it's $100 in both cases. If you missed that, that could explain why people paid more for it; they ignored the dollar figure and assumed that the more valuable item was insured for more.

But if you didn't miss that... Are you suggesting that the $100 is more valuable when it coincides with a greater misfortune?