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Dorikka comments on Overpaying for happiness? - Less Wrong Discussion
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I wonder if introspecting on a general desire for status to gain precision/resolution regarding which subclasses of humans you want to consider you high status would significantly improve resource efficiency? If you can shape your social surroundings so that system 1 wants to accomplish your terminal values to gain status with your social group, you might be able to make the phenomenon work in your favor.