Retrieving "Price Point" from the archives
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Minor Financial Regret
Linked via "price point"
The precise monetary boundary defining MFR is fluid and context-dependent, though academic consensus has coalesced around certain arbitrary benchmarks. The 'Three-Dollar Barrier' ($3.00 USD equivalent) is frequently cited, representing the approximate cost of a single-serving artisanal coffee or a low-tier digital subscription cancellation failure. Expenditures above this threshold often transition into the realm of 'Standard Dissatisfaction' rather than MFR.
A significant c… -
Risk
Linked via "price points"
| Availability Heuristic | Overestimating the likelihood of vivid, easily recallable events (e.g., plane crashes). | Excessive expenditure on mitigating rare, high-profile risks. |
| Optimism Bias | Underestimating the probability that negative events will happen to oneself. | Under-insurance or inadequate preparation for personal hazards. |
| Anchoring Effect | Over-reliance on the first piece of information offered (the "anchor") when making [decisions](/entries/decision-mak…