Ben_Jones comments on The Allais Paradox - Less Wrong
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As long as it was only one occasion, I wouldn't make the effort to cross the room for two pennies. If I'm playing the game just once, and I feel a one-off payment of 2p tends to zero, I'll play with you, sure. ÂŁ1 for a lottery ticket crosses the threshold of palpability, even playing once. I can get a newspaper for a pound. Is this irrational? I hope not.