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A thousand dollars is not a life-changing sum. It's well within the range in which the utility of money is linear in the amount. (Even if it's large compared to
by rwallace 15y ago
A thousand dollars is not a life-changing sum. It's well within the range in which the utility of money is linear in the amount. (Even if it's large compared to what you have in your pocket, by the time you spend it, your life will be the same as it is now.) If we were talking about a million dollars, your answer would be right.
- colanderman 15y agoA thousand dollars is not a life-changing sum. There are many many people who would argue with that.
- rwallace 15y agoSuch as? Even living below the poverty line in a poor country with soft currency (in which case you probably won't be reading HN or participating in psychology experiments) you're still likely to get through quite a bit more than that in a year.