"As you wander on through life, child, whatever be your goal, keep your eye upon the doughnut and not upon the hole." - Doris T. Muir
Makes perfect sense. Your perceived utility from spending the cab fair < your perceived utility of taking a subway. This only works, assuming a) the subway costs 2 bucks, b) you value the cost of getting wet somewhere around 34 dollars. I guess if you get sick, then the costs outweight the benefits. Knowing this, it makes more sense that we extrapolate the cost of an infrequent event ( like taking a cab ) to the frequent event of taking a train. So the expense is magnified, hence the inequitable distribution of utility which might lead even the smarteset peanuts astray.
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