shokwave comments on Optimal Employment - Less Wrong

60 Post author: Louie 31 January 2011 12:50PM

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Comment author: Vladimir_Nesov 31 January 2011 05:11:21PM 19 points [-]

we'll call the remaining portion of your income - 4.2% - your discretionary income. 4.2% of $100,000 is $4,200.

You optimized spending in the Australia option, but didn't in USA option. Instead, you used typical spending, which is misleading. I wonder how much less one can spend if that is set as a goal, and if you take into account the apparent single/no kids/lives in apartment assumptions of the Australia option.

Comment author: shokwave 31 January 2011 06:04:14PM 2 points [-]

Note that spending on housing and such is optimised because of subsidization. Most Australians will be spending similarly to the American option.