derek | Shared With: Everyone - Jan 08 2009 | economics, humanity, interesting, science, experimentsBasically 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
derek | Shared With: Everyone - Sep 18 2008 | culture, brain, TED, politics, humanity, evolution, religion, interesting, video
derek | Shared With: Everyone - Jan 14 2008 | social networking, politics, facebook, conservativism, libertarianism, privacy, humanity, evolution, singularity, peter thiel, futurology
Related Content from Around Faves
politics
-
on the mayoral race in Seattle... this is truly the game changer:
Broadhead (winning candidate consultant): And this campaign was an eye-opener for me. If you gave me the choice, next cycle, of having the vote of the immigrant and refugee community in Seattle … and having, basically, the downtown checkbook, that would be a no-brainer for me. The immigrant and refugee committee … delivered votes for us.
1 FaverViewed: 2 Times - shiwani - 9 days ago3 FaversViewed: 15 Times
- tfwright - 12 days ago1 FaverViewed: 8 Times
evolution
-
Fascinating stuff -- less than 20 minutes, but well paced and very thought provoking.
2 FaversViewed: 39 TimesQuoted: Psychologist Jonathan Haidt studies the five moral values that form the basis of our political choices, whether we're left, right or center. In this eye-opening ...
- btreloar - Aug 24 20082 FaversViewed: 8 Times
- X - Jun 18 20082 FaversViewed: 24 Times
