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So, you did a survey on a self-selected group of people who think their time is worth less than a buck an hour, and asked them questions about behavioural econo
by michael_dorfman 18y ago
So, you did a survey on a self-selected group of people who think their time is worth less than a buck an hour, and asked them questions about behavioural economics?
Maybe I'm missing something.
- joshu 18y agoThe point is to get access to the utility function (versus perception of expected value) across a relatively constant set of people. I'm not sure how they value their own time is relevant.
- michael_dorfman 18y agoFirst of all, it's a self-selected group of people-- not a very good sample. Secondly, and more interestingly, these are people who are self-selected precisely along a very specific axis, one regarding a non-normative notion of utility-- the very thing you are asking them about.