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I would pay X-1 dollars, where X is the cost of creating a shelter for me and the people I care about from the apocalypse. There's a bunch of weird issues in t
by intended 10y ago
I would pay X-1 dollars, where X is the cost of creating a shelter for me and the people I care about from the apocalypse.
There's a bunch of weird issues in this analysis when you pit morally good outcomes vs economically good outcomes.
- danieltillett 10y agoYes there certainly is. The best way to think about this I think is that the price you are willing to pay is a finite amount close to the maximum you are capable of paying. There might be difference between people in how close to the theoretical maximum they are willing to pay, but the differences are relative small in comparison to the total most are willing to pay.