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The money aspect of this seems more of an honesty check than anything else. It's not like a... wait. I just had an idea. Could a roommate of theirs live off

The money aspect of this seems more of an honesty check than anything else. It's not like a... wait. I just had an idea. Could a roommate of theirs live off of yootling? Bidding well, a person could more or less do their busy work for them, get "paid" for it, and use those payments to subsidize their costs of living! Anyway, what I was going to say was that the money aspect of this seems mostly as a way to keep the bets honest. You don't really want wild bets of, say, $1,000,000 or whatever, because then fair market value for the activity becomes impossible to assess. Or something like that. The person with the PhD should probably explain it.

sliverstorm 13y ago
Could a roommate of theirs live off of yootling? You mean, could a roommate of theirs work as a live-in maid?
- ericae 13y ago
  I'm their roommate/ employee. I get paid an extremely generous hourly wage. I don't yootle with them too often, but when I do it's usually a chance to make extra money for a particularly unfun task (like waking up early to drive them to the airport). I usually appreciate the opportunity. It also helps me figure out how much I value things, because my default is to be pretty noncommittal with my preferences, and this forces me to recognize them and make them explicit.
gknoy 13y ago
Thanks for mentioning "yootling", as otherwise I would never have found (noticed?) his wife's guest article on the same subject [0]. It was a nice complementary article. In that article, she mentions in passing the general case. From this, it seems like it would totally work with three people. There are n participants, each with some share — i.e., some fraction — of a decision. Everyone submits a sealed bid, the second highest of which is taken to be the Fair Market Price (FMP). The high bidder wins, and buys out everyone else’s shares, i.e., pays them the appropriate fraction of the FMP. A caveat is, some things you wouldn't want someone to bid for -- putting the kids to bed -- but other than those kinds of things, I suspect that they would not mind in the slightest if a roommate wanted to subsidize their rent by doing dishes or laundry. My biggest question is how to handle this when the household has a single source of income. 0: http://messymatters.com/autonomy/ http://messymatters.com/autonomy/

sliverstorm 13y ago

Could a roommate of theirs live off of yootling? You mean, could a roommate of theirs work as a live-in maid?

ericae 13y ago
I'm their roommate/ employee. I get paid an extremely generous hourly wage. I don't yootle with them too often, but when I do it's usually a chance to make extra money for a particularly unfun task (like waking up early to drive them to the airport). I usually appreciate the opportunity. It also helps me figure out how much I value things, because my default is to be pretty noncommittal with my preferences, and this forces me to recognize them and make them explicit.

gknoy 13y ago

Thanks for mentioning "yootling", as otherwise I would never have found (noticed?) his wife's guest article on the same subject [0]. It was a nice complementary article. In that article, she mentions in passing the general case. From this, it seems like it would totally work with three people. There are n participants, each with some share — i.e., some fraction — of a decision. Everyone submits a sealed bid, the second highest of which is taken to be the Fair Market Price (FMP). The high bidder wins, and buys out everyone else’s shares, i.e., pays them the appropriate fraction of the FMP. A caveat is, some things you wouldn't want someone to bid for -- putting the kids to bed -- but other than those kinds of things, I suspect that they would not mind in the slightest if a roommate wanted to subsidize their rent by doing dishes or laundry. My biggest question is how to handle this when the household has a single source of income. 0: http://messymatters.com/autonomy/ http://messymatters.com/autonomy/