Endowment effect - what your time is worth
well, there are a lot of things that would be hugely advantageous for me to undertake...
but, it all boils down to what my time is worth in dollars..
and then you have a few dilemmas
like, the endowment effect.. and my time.
see, i wouldn't get a job if it paid me $20/hour
that implies that I feel my time is worth more than $20/hour
also note that I'm not willing to pay someone else $6/hour even if they are half as effective as I am to help me complete tasks.
I would put a higher price on my time if I'm selling it, but I would not pay even half of that price if I were to be purchasing my own time.
if i was efficient, I would be willing to pay them $6/hour, or I would be willing to work for $20/hour
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Glen's Musings — AI, investing, and building things. Occasional. Free.
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Disclaimer: This blog post reflects the author's personal opinions at the time of writing and is not financial, investment, or legal advice. Glen Bradford holds positions in securities discussed on this site. Past performance is not indicative of future results. Do your own research and consult qualified professionals before making investment decisions. Some content on this site was generated or edited with AI assistance.