It’s not flipping the coin, it’s flipping the sign of the transaction. Anyway, you’re just reasserting your beliefs but don’t provide arguments as why do you think that’s true. Not to mention that you’re contradicting yourself by saying both “It is better to be financially miserable when young” and “I believe the 22 year old would suffer more”.
With regard to the marginal value of a dollar, I think you’re claiming that the slope of the utility function is different for the young and for the old. That I don’t know. It doesn’t seem to me to be self-evident and I would like to see some data and/or good justifications before accepting that.
No I’m not, you didn’t understand. I’ll try to rephrase it, and you can try to help by steelmanning what you read.
My point is that comparing the last 500 dollars of an old man, with the last 500 dollars, the old man needs his more. So I agree with you, being old and homeless sucks more than being young and homeless.
Now if you take actual people, they are not near the misery line (if they are friends with whomever is reading this comment, they probably will sleep under a roof in a place with electricity). Then, if you go to a park, say, in Oslo, or Chicago, or ciudad del mejico, and steal 500 bucks of someone, one old, one young, the young one will miss it more.
and of course, this is a factual question that could be solved by going there and asking lots of people. but neither of us will, and I see no reason for the burden of proof to be on me. I gave my reasons for the slopes I believe correct. That is all I will ever be able to offer.
It’s not flipping the coin, it’s flipping the sign of the transaction. Anyway, you’re just reasserting your beliefs but don’t provide arguments as why do you think that’s true. Not to mention that you’re contradicting yourself by saying both “It is better to be financially miserable when young” and “I believe the 22 year old would suffer more”.
With regard to the marginal value of a dollar, I think you’re claiming that the slope of the utility function is different for the young and for the old. That I don’t know. It doesn’t seem to me to be self-evident and I would like to see some data and/or good justifications before accepting that.
No I’m not, you didn’t understand. I’ll try to rephrase it, and you can try to help by steelmanning what you read.
My point is that comparing the last 500 dollars of an old man, with the last 500 dollars, the old man needs his more. So I agree with you, being old and homeless sucks more than being young and homeless.
Now if you take actual people, they are not near the misery line (if they are friends with whomever is reading this comment, they probably will sleep under a roof in a place with electricity). Then, if you go to a park, say, in Oslo, or Chicago, or ciudad del mejico, and steal 500 bucks of someone, one old, one young, the young one will miss it more. and of course, this is a factual question that could be solved by going there and asking lots of people. but neither of us will, and I see no reason for the burden of proof to be on me. I gave my reasons for the slopes I believe correct. That is all I will ever be able to offer.