SoullessAutomaton comments on Beware of Other-Optimizing - Less Wrong
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You are probably correct, and there is some research to support this; unfortunately, I don't have easily-availible references and can't turn anything up quickly on Google. If memory serves me, the short version is: individual productivity per hour is optimized with a shorter workweek and longer workdays. Total productivity per person peaks at a little over a 40-hour work week and also longer workdays.