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agreed. interesting read, yet far from complete, and certainly questionable. a couple that jumped out to me as questionable: the "discounting" section reminds me of the stanford marshmallow experiment (itself questionable iirc). i'm not convinced a marshmallow is worth an additional 5 minutes of delayed gratification, and i'm even less convinced an additional 0.07ml of juice (or a whole 0.002oz) is worth waiting at all. the "Relative and Absolute Utility" section, and particularly the quoted section of Glimcher's example, fail to acknowledge a fundamental component of human motivation: context. for example, strand someone on a remote, uninhabited, desert island (with no way to escape, etc.), and offer her a choice of $1,000,000 worth of goods or $1,000 worth of goods. her choice at this point is uninteresting because currency is arguably worthless in the absence of trade; she assigns value based on what these goods can do for her rather than what they would fetch at auction back home. for example, let's say the $1,000,000 worth of goods is a lifetime supply of jello, and the $1,000 is a safe ride home on a fishing vessel. the safe ride home is arguably the better choice despite its lower monetary value. this is why i believe it's silly to blindly apply the transitive property of inequality (in terms of monetary value) as a predictor of human motivation while ignoring context. |