A note from Daniel

With slack, we do not feel compelled to question how really useful an item will be.... Since slack frees us from trade-offs, it licenses us to buy items that on their own, devoid of any other considerations, have some appeal. However, to someone with no income slack, considering the trade-offs involved in spending ten dollars on a latte is much more critical. It may very well be a choice between that latte and dinner.

Daniel The Great Mental Models, Volume 4, page 67 · December 16, 2024 Save to shelf
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