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PaperclipPerfector  5mo ago (text post)   3793 thread views

Friday Fun Thread for June 14, 2024

Be advised: this thread is not for serious in-depth discussion of weighty topics (we have a link for that), this thread is not for anything Culture War related. This thread is for Fun. You got jokes? Share 'em. You got silly questions? Ask 'em.

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Hmm, I don’t follow. CEOs are paid in stock and packages, their future income is predicated on performance, and networking/learning is simply tomorrow’s income for those with delayed gratification. Do you really think that it’s worth it for someone who makes a million a year to care about where they get gas or the price of the pizza they order? I would still say “absolutely not” except for the psychological benefit of making money seem more valuable.

For some sectors though, I would imagine time spent knowing how much things cost for an ordinary consumer is valuable learning a CEO could do?

e.g. If you are supper out of touch $15 vs $8 a month for twitter blue is approximately 0 difference to you, but it could put you on opposite sides of the marginal elasticity curve.

This discussion reminds me of "Neutral hours: a tool for valuing time and energy" (pdf link) by Owen Cotton-Barratt

The central idea is not to count hours spent on an activity by the clock, but to weigh them according to how draining or recuperative they are

Like whether clipping out a coupon is worth it depends on

  • The expected net present value of additional post-tax marginal income from additional work
  • Your ability to substitute time
  • How long it takes
  • How much you like or dislike clipping coupons

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