lmm comments on Open thread, Feb. 9 - Feb. 15, 2015 - Less Wrong

6 Post author: MrMind 09 February 2015 09:12AM

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Comment author: lmm 14 February 2015 11:19:30AM 1 point [-]

This seems to disregard time preferences. Losing $200 now hurts a lot more than the joy of earning $200 over the course of the following year.

If I set w to "amount currently in my checking account that I consider available for random impulse buys" - say $400 - then I get an answer that's almost exactly in line with my intuition.