The monetary payout isn’t higher for the more emotionally valuable object—it’s $100 in both cases. If you missed that, that could explain why people paid more for it; they ignored the dollar figure and assumed that the more valuable item was insured for more.
But if you didn’t miss that… Are you suggesting that the $100 is more valuable when it coincides with a greater misfortune?
Barkley Rosser,
The monetary payout isn’t higher for the more emotionally valuable object—it’s $100 in both cases. If you missed that, that could explain why people paid more for it; they ignored the dollar figure and assumed that the more valuable item was insured for more.
But if you didn’t miss that… Are you suggesting that the $100 is more valuable when it coincides with a greater misfortune?