Rooting Hard for Overpriced M&Ms

byDavid_J_Balan9y28th Nov 200935 comments


The other day I went to get some productivity-enhancement M&Ms from the candy machine at work. When I opened my wallet, I didn't immediately see a $1 bill. Then I looked some more and I found one, and I was happy! But of course that doesn't make any sense. If that bill hadn't been a $1, then it would have had to be a $5 or more, with an expected value of $5+, which is an amount that I certainly would not have paid for a bag of M&Ms, most excellent though they may be. This means that I preferred a bag of M&Ms to $1 (that's why I went to the candy machine in the first place), $1 to $5+ (I was happy when the bill turned out to be a $1), and $5+ to a bag of M&Ms (I wouldn't have bought them at that price). Not too surprising I guess, but still kind of weird.