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  1. #1
    MadMojoMonkey's Avatar
    Join Date
    Apr 2012
    Posts
    10,456
    Location
    St Louis, MO
    Easy RED

    My dad has paid all of my living expenses for the past 5 years, plus kicking in where my student loans didn't, so I estimate $100k in debt to my awesome dad.

    I have no realistic way to pay this off, and I know how much it would mean to him to KNOW that I never wanted to borrow anything, and that I wasn't just taking advantage because I could get away with it. I mean, he believes it, and it's true, clearly, but to really know is different.

    Plus a recent visit to the ER, with no insurance, and my teeth need serious attention.

    I've been broke for too long to pass up a sure thing.

    If it was $1k or $100k... then GREEN
  2. #2
    Quite the paradox. Allais you guys get on with it then.
  3. #3
    Quote Originally Posted by Penneywize View Post
    Quite the paradox. Allais you guys get on with it then.
    Come on guys!

    Allais paradox - Wikipedia, the free encyclopedia

    Re. the 'if it's 1k and 100k then definitely pick green'. That's exactly what utility of money theory predicts.

    HAHA you guys thought you were being clever when your behaviour was already explained by theory! neener neener neeeeener

    Risk aversion - Wikipedia, the free encyclopedia
  4. #4
    Quote Originally Posted by MadMojoMonkey View Post
    If it was $1k or $100k... then GREEN
    This
  5. #5
    Quote Originally Posted by Hawk View Post
    This
    Yeah indeed. I think this thread illustrates how there's a HUGE gap between $1000 and $100K, but anything above a million is basically a very large number for most of us, and we don't really care what multiple of million we have in our account.

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