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It depends on the context; if you offered me 1 penny or 2 pennies, I really wouldn't care. (even though it's a 100% difference)
by goldenthunder 16y ago
It depends on the context; if you offered me 1 penny or 2 pennies, I really wouldn't care. (even though it's a 100% difference)
- Pyrodogg 16y agoYes, it does. On the other edge case, with really large amounts of money, the perceived value of a differences might be hard to grasp. It's hard to see a penny as worth anything, and it's also hard to really grasp the difference in value between a trillion dollars and 1.1 trillion dollars. Since 5 dollars is a denomination of US bills I think it has a significant psychological weight to considering it's value (for anyone familiar with US currency). You think of $5 and you know what it is,what it's worth to you, what you'd spend it on. This might be a hold over from handling cash, where that $5 spent on a service might be competing with your lunch or bus ticket. I suppose dealing increasingly with debit/credit cards in place of small cash transactions where it's "just $5 in your entire bank account" will likely lessen this effect.