Yes, but on several occasions, I have heard people explicitly say that they would take more cash just because it’s supposedly less of a rip-off to pay the same fee on a much larger amount. So it’s not a hypothesis about their observed behavior, but their clearly expressed reasoning.
(Plus, you probably don’t want to take and carry around a significant amount of extra cash when you’re half-drunk in a bar, and it’s just a short time before last call, so you can’t possibly need more than the cost of one or two more drinks and perhaps a cab ride home.)
So it’s not a hypothesis about their observed behavior, but their clearly expressed reasoning.
But expressed reasons are often not true confession of real reasons. It is risky to put a great deal of store in people’s explanations of their actions. Edit: to clarify, by “real reasons” I don’t even necessarily mean conscious or mentally present reasons. Our real reasons may be “reasons” in the sense that the “reason” we have eyes is to see. This is of course an evolutionary “reason”. Similarly, our behavior may have evolutionary “reasons” which we have no access to whatsoever, forcing us to make something up in order to fill in the gaps. We do seem to have a strong tendency to do that—to fill in the gaps, to explain ourselves, both to others and to ourselves.
Well, if you aren’t sure exactly how much money you need, you’d want to err on the side of taking too much so you don’t risk making two transactions.
Yes, but on several occasions, I have heard people explicitly say that they would take more cash just because it’s supposedly less of a rip-off to pay the same fee on a much larger amount. So it’s not a hypothesis about their observed behavior, but their clearly expressed reasoning.
(Plus, you probably don’t want to take and carry around a significant amount of extra cash when you’re half-drunk in a bar, and it’s just a short time before last call, so you can’t possibly need more than the cost of one or two more drinks and perhaps a cab ride home.)
But expressed reasons are often not true confession of real reasons. It is risky to put a great deal of store in people’s explanations of their actions. Edit: to clarify, by “real reasons” I don’t even necessarily mean conscious or mentally present reasons. Our real reasons may be “reasons” in the sense that the “reason” we have eyes is to see. This is of course an evolutionary “reason”. Similarly, our behavior may have evolutionary “reasons” which we have no access to whatsoever, forcing us to make something up in order to fill in the gaps. We do seem to have a strong tendency to do that—to fill in the gaps, to explain ourselves, both to others and to ourselves.
Taking out the larger amount of money saves the small amount of effort/time needed to get money from the free ATM the next day.