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That's a strange observation. I would think an economist of all people would know that the negative utility of missing a plane is huge compared to that of spend
by Analemma_ 9y ago
That's a strange observation. I would think an economist of all people would know that the negative utility of missing a plane is huge compared to that of spending a little unnecessary time at the airport. I'm rarely doing anything productive with the time prior to the airport arrival on "travel days" anyway.
- Frenchgeek 9y agoDepend how often you travel by plane: all that little lost time do add up.
- pavel_lishin 9y agoDo they add up to more than the time you spend waiting for the next flight, which may take a full 24 hours? I guess that's a rhetorical question, because the answer is the same to what you wrote; nvm.
- beeforpork 9y agoThe concept of 'lost time' should be abandoned, so our lives become less hectic again.
- fegu 9y agoIf you have lounge access, then the extra time at the airport is just as productive as at the office. No lost time, and plenty of peace of mind.
- d--b 9y agoIt's an analogy for understanding the idea of fair value. If you want to spend a "fair" amount of time at the airport, it means that you need to balance the utility of missing one plane against the utility of always spend a lot of time at the airport in order to never miss a plane. If you take 1000 planes in your life, and spend an extra 1 hour per plane in order to be sure that you will be on time, that's 1000 hours in your life. If, instead, you cut down that hour to 30 minutes, and that makes you miss 3 planes in your life, you'd still have "earned" 500 hours, while losing 3 planes. It's a better trade off overall. But yeah, just an analogy, I bet the guy never missed a plane...