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Elo comments on Open Thread, Jun. 22 - Jun. 28, 2015 - Less Wrong Discussion

6 Post author: Gondolinian 22 June 2015 12:01AM

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Comment author: adamzerner 23 June 2015 05:13:17PM 0 points [-]

I'm willing to spend out of pocket. More generally, I value my life a lot, and so I'm willing to undergo costs in proportion to how much I value my life.

Comment author: Lumifer 23 June 2015 05:46:42PM 2 points [-]

I'm willing to undergo costs in proportion to how much I value my life.

You're constrained by the size of your pocket :-) Being willing to spend millions on saving one's life is not particularly relevant if you current bank balance is $5.17.

Very rich people can (and do) hire personal doctors. That, however, has its own failure modes (see Michael Jackson).

Comment author: adamzerner 23 June 2015 06:47:18PM 0 points [-]

You're constrained by the size of your pocket :-)

Yeah, I know. It's just hard to be more specific than that. I guess what I mean is that I am willing to spend a much larger portion of my money on health than most people are.

Comment author: Lumifer 23 June 2015 07:24:04PM 3 points [-]

Is that a revealed preference? ;-)

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