Permalink
Derek on experiments
  • vote
    6
    5 starsderek | Shared With: Everyone - Jan 08 2009 | economics, humanity, interesting, science, experiments

    Basically just a boatload of interesting stuff.

    Quoted: Tversky and Kahneman conducted the following experiment
    When contemplating the purchase of a $25 pen, the majority of subjects would drive to another store 15 minutes away to save $7
    When contemplating the purchase of a $455 suit, the majority of subjects would not drive to another store 15 minutes away to save $7
    The amount saved and time involved are the same, but people make very different choices

1 - 1 of 1 Faves

Related Content from Around Faves

experience

VIEW ALL