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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

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Venkatesh Rao

@vgr

Conversational account. For work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian. IKEA builder.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    Venkatesh Rao‏ @vgr May 27
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    Finally figured out why idling and wasting time is so hard in pandemic time. When you goof off and procrastinate for an hour, your work is pushed an hour out but the waste-time hour inserted isn’t taken from the tail end of your operating horizon. The NPV is near zero.

    2:23 PM - 27 May 2020
    • 3 Retweets
    • 40 Likes
    • Raghul Aravind Netanel Zellis-Paley George Gachara knlae.dot airborne caipira Misha Saul Andrew Johnston R.P. Sav Sidorov
    4 replies 3 retweets 40 likes
      1. New conversation
      2. Venkatesh Rao‏ @vgr May 27
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        Concretely, an hour taken from 18 months (notional “time to vaccine”) away at a monthly discount rate of say 1% is worth 0.8345 hours now or 50min. But taken from 20 years or 240 months away, 0.0896 hours now or about 5 minutes.

        2 replies 0 retweets 11 likes
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      3. Venkatesh Rao‏ @vgr May 27
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        When you waste an hour the work deferred still retains 99% of its value, but the hour substituted from the low value tail of “life” expectancy can range from 5 minutes to 50. You’re only really wasting 5 minutes of life by procrastinating an hour in some sense. So you can relax.

        1 reply 2 retweets 9 likes
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      4. Venkatesh Rao‏ @vgr May 27
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        Heavily discounted future is foreshortened future. Uncertainty drives up unconscious mental discounting. But discounting below a threshold makes us act as though that hour won’t be available at all. Our future past that becomes dead to us. We can’t manage that time.

        2 replies 1 retweet 7 likes
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      5. Venkatesh Rao‏ @vgr May 27
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        This is a non-hedonistic response to a sense of foreshortened future. I’m not a hedonist but I suspect hedonists at some level of foreshortening begin frenzied partying. “Last meal” effect.

        2 replies 0 retweets 6 likes
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      6. Venkatesh Rao‏ @vgr May 27
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        I’d probably just skip the last meal if I was on death row 🤔

        2 replies 0 retweets 12 likes
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      7. End of conversation
      1. New conversation
      2. MilkersAnonymous‏ @TheOneDao1 May 27
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        Replying to @vgr

        npv?

        2 replies 0 retweets 0 likes
      3. biden won, well done everyone‏ @wadechicago May 27
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        Replying to @TheOneDao1 @vgr

        Net present value, typically used as a measure of discounted value of cash

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Kevin McGillivray‏ @kev_mcg May 27
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        Replying to @vgr

        When I'm in time wasting mode my perception of time is that it's moving slower. If it feels slower, the amount available feels higher, so its value goes down, making it easier to waste more...?

        0 replies 0 retweets 0 likes
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      1. Saurabh Sharma‏ @iam100rabhs Jul 4
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        Replying to @vgr

        Dont u hv netflix.

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