Hypotheticals can be interesting but I think they’re more interesting when you think about how they would actually work in reality.
Like if someone says “would you give up alcohol forever for £1 million”. Surely the interesting part of that question is thinking about how it would work in reality. For example would you be allowed to take the £1 million, invest it, end up with several million, then pay back the original £1 million so you can drink alcohol again?
You’re right, that’s a much more interesting question. Also, would my investment performance be improved by said motivation if i am an alcoholic? Would i stop wanting the booze by then? I don’t think gratification delay is a trait i possess so i would probably just take the money and switch drugs.
Hypotheticals can be interesting but I think they’re more interesting when you think about how they would actually work in reality.
Like if someone says “would you give up alcohol forever for £1 million”. Surely the interesting part of that question is thinking about how it would work in reality. For example would you be allowed to take the £1 million, invest it, end up with several million, then pay back the original £1 million so you can drink alcohol again?
You’re right, that’s a much more interesting question. Also, would my investment performance be improved by said motivation if i am an alcoholic? Would i stop wanting the booze by then? I don’t think gratification delay is a trait i possess so i would probably just take the money and switch drugs.