Are You A Biased Decision Maker? part 2

Li Ka Shing SG

Case 1.

You have bought a $40 ticket for a play at the Esplanade. As you enter the theater, you realize you have lost your ticket, can't remember the seat number, and can't prove to the management that you have purchased a ticket. Will you spend $40 again for a new ticket?

Case 2.

You have reserved a $40 ticket to watch a play at the Esplanade. As you went to the counter to pay, you realize you have lost $40 from your wallet. Will you now spend $40 for the ticket you reserved? (Assuming you have enough cash left to do so)

Please answer and give your reasoning.

ha8n SG

go counter and ask if the staff recognise u when u first bought ticket

nightsky87 SG

You STILL have not answer the first question.

I have split personalities. Both personalities want to watch the play. One personality bought the ticket with 40 dollars in my wallet. The other personality only reserved a 40 dollar ticket.

I cannot remember where I put the ticket because the personality I am in only reserved it. Hence, I have the impression I had the ticket but could not remember details such as the seat number. But because I already bought a ticket, it would seem that I lost 40 dollars.

All that is left is to wait for the next switch in personality so that I can take out my ticket to watch the play.

renorenal SG

Originally posted by Li Ka Shing:
Case 1.

You have bought a $40 ticket for a play at the Esplanade. As you enter the theater, you realize you have lost your ticket, can't remember the seat number, and can't prove to the management that you have purchased a ticket. Will you spend $40 again for a new ticket?

$40 is a lot of money, and to miss the play at such a cost would be preposterous.

There is always a way to get in if you know the tricks of the trade Mr. Green Look out for a group of people at large who is entering at one go... follow them closely and as the ticket manager ask for your ticket, point to the fellows behind and as the person behind you start to take out the ticket, take a hike as soon as the manager's eyes slipped past you...

renorenal SG

Originally posted by Li Ka Shing:

Case 2.

You have reserved a $40 ticket to watch a play at the Esplanade. As you went to the counter to pay, you realize you have lost $40 from your wallet. Will you now spend $40 for the ticket you reserved? (Assuming you have enough cash left to do so)

If by means of reserving, the ticket can be withheld by the management if you don't show up for it, and you would get away scot-free.

Compared to the first scenario, the lost of your $40 is not related to the play at all because you still have the ticket up for grabs. If I'd lost $80 one year ago, or $50 six months ago, or $20 one month ago, or $10 one week ago, or $5 several days ago, this should not affect my decision, even then it is just several hours ago.

If you want to feel pitiful over it, might as well make something out of it by doing something that will lift your sorrows... go watch the play, spending another $40, even though it is ANOTHER, it doesn't matter, as at then end of the day, if the play is really so good, you'd not be thinking about your loss either...

thinkdifferent SG

Is this some kind of psycho test?

In both cases your loss is 40$, if I would be rich, I wouldn't mind, but as I am not rich, I would be pissed off and not spending other 40$. If the play would be damn important for me, then I would spend those other 40$ in both cases but only if I have some money left to buy a gun and shoot myself after, as I wouldn't have enough money to survive to the next income Mr. Green

So what does it say? Am I a biased decision maker?

Madden SG

Rolling Eyes