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re: How do you value time in your decisions?
Posted on 1/22/16 at 8:34 pm to BayouSizzle
Posted on 1/22/16 at 8:34 pm to BayouSizzle
I would like to contemplate but don't understand this part...
quote:Are you saying what is the value of extra time to make the decision, or how much do you value your personal time?
When you take a decision, how do you view time available to you on said decision? ie, no guarantees that this time is yours. Risk is at the core.
1
Posted on 1/23/16 at 8:00 am to Bayou Tiger
quote:
I would like to contemplate but don't understand this part...
quote:
When you take a decision, how do you view time available to you on said decision? ie, no guarantees that this time is yours. Risk is at the core.
Let me clarify - no one is promised tomorrow. So, when you think about a long-term financial decision, how much consideration do you give to the fact that you might not be here for its outcome. Does that in any way impact your decision?
Kinda like a bird in hand vs. 2 in bush...but strictly speaking to time. Do you "risk" time available to you?
That little exponential formula behind every time value calculation totally ignores this risk.
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