Economics of Intrinsic Motivation - Predictably Irrational

[MrWelsluth]

I think it's crazy that people can't wait 3 days for an extra $20.

[Son0fHobs]

(read below 1st)

Then the question becomes, is the emotional reward/cost + the $8 (minus gas!) worth the 20 mins? Personally, I would pay $8 for a good day. Would I forgo a CD, or a decent meal? Comparative to the cost of lunch at home ($5 difference?), or my current music collection, I'd still have the same answer.

Also, ALL the factors need to be considered. $ of gas, alternative choices, income and how $8 would affect you. Etc

[Son0fHobs]

Love it, so logical. However, a big difference that is still illogical is emotions. If you can train yourself in this method of external measurement, and you're emotions follow suit, indeed, it's logical and practical. However, if driving across town for the toothbrush makes you proud of the discount, and an anecdote to tell to friends, there's a huge additional intangible rewards. If you save $8 on the suit and focus on the 20min drive, there may be no emotional reward if not negative.