It’s still unpleasant. And we all hate it. But it turns out our much we hate it depends on our age.
Loss aversion across the ages [Klement on Investing] – “But look at the change in this loss aversion factor relative to the age of the participants. Younger people aged 18 to 24 exhibit a loss aversion coefficient somewhere between 3 and 4 as do people aged 65 and over. But people in the midst of their working lives (aged 35 to 54) tend to have much lower loss aversion, somewhere between 1 and 2.” In other words, and the chart on the page illustrates this quite well, is that we are more loss averse early in life (18-24) and later in life (65+) than we are in the middle (35-44 and 45-54). Fascinating!
Would you buy hot food out of a vending machine? I think I’d try it.
The hamburger vending machine has arrived [Axios] – “A company called RoboBurger sells a machine that will make you a burger with custom toppings — from “grass and vegetarian fed 100% Angus beef, always antibiotic-free, raised with no artificial growth hormones” — in 6 minutes for $6.99.” Would you buy a hamburger out of a vending machine? It sounds crazy but is it really going to be worse than one being made by a kid making minimum wage?
I love this rule of pints.
Happy St Patrick’s Day: This is the rule of pints [CODE] – “Next we come to one of the foremost junctures in the rule of pints: having two pints doesn’t exist. To have two pints would be a waste of time. It would be to fail oneself.” Beautifully written and 100% accurate.
Happy Friday! And have a great weekend!