I think something going on here is the hypothetical “you actually have to pick one of these two” is pretty weird, normally you have the option to walk away. If I find myself in such a hypothetical it seems more likely “well, somehow I’m gonna have to make use of these coupons” in a way that doesn’t seem normally true.
If you have £8 in your pocket and can choose either offer as many times as you want, then you can get an extra £60 worth of vouchers with the £10 for £1 deal.
Even if the offer isn’t repeated, there’s a possible opportunity cost if you need to buy something from another shop that won’t honor the voucher.
In any case, this is secondary to the meta reading comprehension question about what the text is trying to say (whether or not it’s employing good reasoning to say it).
I’d definitely go for a voucher for free, and (if I had to purchase a gift voucher in the second scenario) again the cheaper one. I definitely do not value gift vouchers at their face value except in unusual circumstances.
What’s more, I’d be highly suspicious of the setup with the non-free offers. If someone is selling $X vouchers for significantly less than $X then I smell a scam. One-off offers for low value free stuff is in my experience more likely to be promotional than scammy.
Though yes, if for some reason I did have high confidence in its future value and it was a one-off opportunity in both cases, then I might buy the higher value one in both cases.
I think it’s a fairly narrow set of assumptions where £20 for £7 is worse than £10 for free, but £20 for £8 is better than £10 for £1.
I think something going on here is the hypothetical “you actually have to pick one of these two” is pretty weird, normally you have the option to walk away. If I find myself in such a hypothetical it seems more likely “well, somehow I’m gonna have to make use of these coupons” in a way that doesn’t seem normally true.
If you have £8 in your pocket and can choose either offer as many times as you want, then you can get an extra £60 worth of vouchers with the £10 for £1 deal.
Even if the offer isn’t repeated, there’s a possible opportunity cost if you need to buy something from another shop that won’t honor the voucher.
In any case, this is secondary to the meta reading comprehension question about what the text is trying to say (whether or not it’s employing good reasoning to say it).
Very narrow indeed.
I’d definitely go for a voucher for free, and (if I had to purchase a gift voucher in the second scenario) again the cheaper one. I definitely do not value gift vouchers at their face value except in unusual circumstances.
What’s more, I’d be highly suspicious of the setup with the non-free offers. If someone is selling $X vouchers for significantly less than $X then I smell a scam. One-off offers for low value free stuff is in my experience more likely to be promotional than scammy.
Though yes, if for some reason I did have high confidence in its future value and it was a one-off opportunity in both cases, then I might buy the higher value one in both cases.