ABranco comments on The Math of When to Self-Improve - Less Wrong

6 Post author: John_Maxwell_IV 15 May 2010 08:35PM

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Comment author: ABranco 27 May 2010 11:23:26AM *  0 points [-]

John:

Do you suggest any practical way to calculate how steep is my discounting curve, in real life?

Comment author: gwern 12 August 2010 10:09:05AM 0 points [-]

I think you could just compare sums of money. Would you trade 10$ now for 20$ in a year? I would, so your discount is <2. Would you trade 10$ for 15$ in a year? Then your discount is <1.5. And so on.

If you just have trouble comparing dollars, then maybe you could compare coffee, or books, or something.