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I once sat in the board of a student organisation management a $3mil investment fund. Which was rapidly declining as funds where being withdrawn to cover budget
by tomtimtall 9y ago
I once sat in the board of a student organisation management a $3mil investment fund. Which was rapidly declining as funds where being withdrawn to cover budget deficits. At the same meeting where no-one could explain, and no-one seemed to care about a 100,000$ transaction listed as “assorted expenses”, people spend 1,5 hours debating whether the coffee-shop should keep buying newspapers for 200$ a year...
- carlmr 9y agoI think it's also kind of an effect that humans don't have an intuitive grasp of big numbers. Add to that the effect that humans think more about what they can imagine. You can kind imagine spending $200 on newspaper in your everyday life. You seldom make $100,000 decisions. Big one-time transactiosn seem intuitively less impactful than many smaller ones. As Programmers we deal with numbers a lot more often, so this effect is minimized. But still there.