The value of time

Discussion in 'All Things Boats & Boating' started by lewisboats, Feb 14, 2011.

  1. SheetWise
    Joined: Jul 2004
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    SheetWise All Beach -- No Water.

    I don't believe that marginal utility theory fully embraces the value of time -- in the sense that it doesn't fully recognize opportunity cost, and how opportunity changes over time.

    If you're laughing -- that was meant to be funny. If you're not laughing -- wait.
     
  2. Frosty

    Frosty Previous Member

    Ask 20 year old lying in bed at 11,30 he has all the time in the world and no money.

    Ask the old guy that gets up 5 am and is booking holidays and cruises at any cost while his health holds out.

    Thats the difference.
     
  3. SheetWise
    Joined: Jul 2004
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    Location: Phoenix

    SheetWise All Beach -- No Water.

    That is the difference. All people don't weight the value of another sunrise with the same calculus.

    You can substitute another word for "sunrise" as it fits your personality ;)
     
    Last edited: Jul 6, 2011
  4. erik818
    Joined: Feb 2007
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    Location: Sweden

    erik818 Senior Member

    We expect to be payed for our time when we work for other people with writing reports, building roads, arresting criminals or whatever. The same goes when professional boatbuilders build boats for other people. On the other hand, we accept to pay for spending our time on vacations, theaters and pleasure cruises.

    So, for a professional report-writer, pencil-lifter and email-answerer, what is the value of my time when I am allowed to enjoy myself with practical boatbuilding? To be honest, I would accept to pay money (but not the social consequences) to work on my boat instead of doing my duty and attending certain cultural happenings.

    We just have to hope that the authorities don´t figure this out and put a pleasure tax on time spent on amateur boat building. Maybe we should continue wining about the value of time and the horrors of sanding.

    Erik
     
    1 person likes this.
  5. Frosty

    Frosty Previous Member

    If you had but 3 sunrises left you would.

    Man on death row--(how many days have you got left) dunno --

    I dont think so --he will tell you in minutes and seconds
     
  6. SheetWise
    Joined: Jul 2004
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    Location: Phoenix

    SheetWise All Beach -- No Water.


    As animals who are obsessed by time, we make little good use of it. We even make poor use of that small portion of it we do understand.

    I accept your reasonably compelling argument that impending death will put everything in perspective. The observations sort of punctuate how silly we are -- and reinforce how unlikely we are to make good use of our fortune.

    I don't ever want to know what the clock says. If I don't know what time it is, I'm not paying attention.
     
  7. SheetWise
    Joined: Jul 2004
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    Location: Phoenix

    SheetWise All Beach -- No Water.

    We'll figure out a way to net the gains and losses ;)
     
  8. hoytedow
    Joined: Sep 2009
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    Location: North of Cuba

    hoytedow Wood Butcher

    We're certainly making good use of our time now, huh? :D
     
  9. SheetWise
    Joined: Jul 2004
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    Location: Phoenix

    SheetWise All Beach -- No Water.

    Considering the people I come across in the normal course of living -- It's always a pleasure to join in with this crowd.
     
  10. hoytedow
    Joined: Sep 2009
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    Location: North of Cuba

    hoytedow Wood Butcher

  11. SheetWise
    Joined: Jul 2004
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    Location: Phoenix

    SheetWise All Beach -- No Water.

    A pressure washer and a few minutes time. A quarter inch of light dust on everything. Not an uncommon event in the state, just a little unusual this far north. I was surprised it got as much press coverage as it did.
     
  12. hoytedow
    Joined: Sep 2009
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    Location: North of Cuba

    hoytedow Wood Butcher

    It was spectacular.
     
  13. Frosty

    Frosty Previous Member

    Its probably the right time to tell you I have enjoyed every minute of this conversation.

    Time stood still as read. By the way have you noticed the cursor flashes on and off at one second intervals,--yes that one right there.

    Oh is that the time must dash.
     
  14. hoytedow
    Joined: Sep 2009
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    Location: North of Cuba

    hoytedow Wood Butcher

    Toodles.
     

  15. Frosty

    Frosty Previous Member

    Hoyt --could you make your posts a little shorter.
     
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