mercoledì 21 luglio 2010

The value of your time...

http://lesswrong.com/lw/2gi/the_instrumental_value_of_your_own_time


What is your time worth? Economists generally assume that your time is accurately valued by the market, because time can be converted into money (via wage labor) and back again (by hiring people to, e.g, do your chores for you). In this article, I argue that the economists are wrong, and that, as a result, we have some important questions to ask ourselves about the value of time:

(1) How would a rational person measure the value of an hour of her time?

(2) Can time invested now be meaningfully traded off against time available later?

(3) How much of your time should be spent assessing whether you are spending your time well?

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