Question

Milo, a highly successful attorney, just received a $200 ticket for speeding. jim, an unemployed father of six, received a $50 fine for parking in a restricted area. milo considers his $200 ticket an inconvenience, but jim sees his $50 fine as a financial disaster. why do milo and jim feel so differently about their fines, even though milo's is four times greater than jim's?

Answer 1

You would assume that Milo has considerably more resources to pay his ticket as an attorney versus Jim who is unemployed.

The fine would be disproportionately heavy from Jim,