That sounds worth trying. Thanks. Intuitively it feels as though it would make me care about the game outcome like I care about real-money negotiations. It also feels as though it would make me suck at the game. But that’s progress, because I have a known route to practicing at games.
At first I wanted to say “That’s going to cost me money!”. But I was fine with the idea of paying for training courses to get better. Financially it comes to the same thing, but loss aversion is at work here.
Thinking that through made me realise I’m muddled about my utility function here. If I play the game to win, I end up spending more money. I already give as much to charity as I feel comfortable with, so it would mean some discomfort.
That sounds worth trying. Thanks. Intuitively it feels as though it would make me care about the game outcome like I care about real-money negotiations. It also feels as though it would make me suck at the game. But that’s progress, because I have a known route to practicing at games.
At first I wanted to say “That’s going to cost me money!”. But I was fine with the idea of paying for training courses to get better. Financially it comes to the same thing, but loss aversion is at work here.
Thinking that through made me realise I’m muddled about my utility function here. If I play the game to win, I end up spending more money. I already give as much to charity as I feel comfortable with, so it would mean some discomfort.