the mag- nitude of importance of those satisfactions with respect to which we are conscious of being dependent on command of the good.
Magnitude of importance of those satisfactions
–> how conscious we are in terms of how dependent we are on it, and the command of it?
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Principle of value determination
Magnitude of importance
Human economy
The importance of a satisfaction
Stupid men and defective knowledge
Rational economic activity
Subject to error
Error is inseparable from all human knowl- edge.
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Men are especially prone to let themselves be misled into over- estimating the importance of satisfactions that give intense momentary pleasure but contribute only fleetingly to their well- being, and so into underestimating the importance of satisfactions on which a less intensive but longer enduring well-being depends. In other words, men often esteem passing, intense enjoyments more highly than their permanent welfare, and sometimes even more than their lives.
“I’m over it–“
Permanent welfare
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Once you get a kid, paradigm shift –> everything changes
–> who do you desire to be your mate?
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The subjective factor of value determination
Appraising your own state of mind
their per- ception of the objective factor of value determination
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You don’t have to maintain bitcoin like real property