I think you make a good point. I'd liken this also to Mike Caro's poker concept of the "Threshold of Misery"...Suppose you considered $1,000 a lot of money. T

I think you make a good point. I'd liken this also to Mike Caro's poker concept of the "Threshold of Misery"...Suppose you considered $1,000 a lot of money. Then, mentally, losing $400 is bad, but not as bad as losing $800, but losing $4,000 is roughly just as bad as losing $5,000 despite the fact that the difference is "a lot of money". The government pretty consistently throws good money after bad.