Re: [Silk] Splitting the bill

2024-01-26 Thread Huda Masood via Silklist
Clearly I cannot afford this but I still want to test the longevity/sustainability of this decision - that USD 500 is enough. Can you convince yourself that you receive 500 dollars worth of health, motivation and resilience benefits to withstand 180 seconds of 12-15 centigrade water every. Single.

Re: [Silk] Splitting the bill

2024-01-26 Thread Jules Yim via Silklist
Almost (?) the same thing, but I actually pay for the privilege of cold soaks in Japanese/Korean spa centres. Quite tempted to save myself some money by procuring a large enough receptacle in which I can sit, that can be filled with ice water. Jules On Fri, 26 Jan 2024 at 17:18, Huda Masood via S

Re: [Silk] Splitting the bill

2024-01-26 Thread Jeremy Bornstein via Silklist
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Re: [Silk] Splitting the bill

2024-01-26 Thread Charles Haynes via Silklist
On Fri, 26 Jan 2024 at 22:17, Huda Masood wrote: > Can you convince yourself that you receive 500 dollars worth of health, > motivation and resilience benefits to withstand 180 seconds of 12-15 > centigrade water every. Single. Day. for a week? > Could I? Certainly. But I've looked into the pur

Re: [Silk] Splitting the bill

2024-01-26 Thread Huda Masood via Silklist
“I'm glad it's working for you - how much money would it take to get you to go to the gym and do strength training three times a week? :)” I boulder 3x a week and do weight training twice a week and flexibility once a week. My cardio suffers but I intend to swim to rectify that :) Same - I wouldn

Re: [Silk] Splitting the bill

2024-01-26 Thread Jeremy Bornstein via Silklist
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Re: [Silk] Splitting the bill

2024-01-26 Thread Jeremy Bornstein via Silklist
I would definitely do this for USD $500/day. For one, I am convinced that it's in the realm of things that I (and most people) would get used to quickly enough for the unpleasant aspects to fade to tolerability or even pleasure. Also, I may have some minor masochistic tendencies... but not enough o

Re: [Silk] Splitting the bill

2024-01-26 Thread Charles Haynes via Silklist
One other way that economics (and specifically behavioural economics) has changed my way of looking at the world is that I'm now more aware of my own paradoxical behaviours. Like the endowment effect and the sunk cost fallacy. I have also found one tool to be particularly valuable and that's the n

Re: [Silk] Splitting the bill

2024-01-26 Thread Yeddanapudi Radhika via Silklist
I'm definitely influenced by the endowment effect when it comes to hoarding books on my shelf and there is definitely loss aversion in this context. I'm wondering if the sunk cost fallacy explains why I cling on to my place even though it's costing me an arm and a leg to retain it although there ar

Re: [Silk] Splitting the bill

2024-01-26 Thread Jeremy Bornstein via Silklist
Hearing this makes me want to take more extreme opinions around you. On Sat, 2024-01-27 at 12:44 +1300, Charles Haynes wrote: > One other way that economics (and specifically behavioural economics) > has  changed my way of looking at the world is that I'm now  more > aware of my own paradoxical b