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sudly
Darwin's stagger

Registered: 01/05/15
Posts: 10,797
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Value Beyond Marketing
#28510159 - 10/19/23 02:28 AM (3 months, 8 days ago) |
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Please answer this trial question with what you think the values of t and v are.
T is for time in minutes, it is a measurement of how many minutes it took you to fully engage and complete the tasks of an objective.
E.g. I washed the dishes in 10 minutes. I hung the laundry in 15 minutes. Etc.
V is the monetary value in dollar value that you incurred for completing the task. It can be 0 dollars for something like exercise, 50 cents worth of petrol for brushcutting, or $1000 for return flights and accommodation to a city.
What if I could make you show yourself how you valued certain experiences in your life relative to the monetary value you allocated to them?
Just name what you did, and share the values you've given to V and T.
Thank you for your participation.
Your participation adds to a data pool for testing of hypothesis. Thanks again to anyone who participates.
Keen to know,
In describing your experience, what does (t) equal, and what does (v) equal?
-------------------- I am whatever Darwin needs me to be.
Edited by sudly (10/21/23 11:30 PM)
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redgreenvines
irregular verb


Registered: 04/08/04
Posts: 37,530
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Re: This is a practical experiment, feel free to join and share. [Re: sudly]
#28510213 - 10/19/23 04:50 AM (3 months, 8 days ago) |
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aeropress coffee - worth 4$/cup - I usually make 2 (one for wife) so 8$ takes 5 minutes including clean up costs me 2$ -so t=1/12th hr & v=6$ e== 72$/hr to make great coffee
breakfast - worth 18$ takes 10 minutes and costs 5$ so t=1/6th hr & v=13$ e== 78$/hr to make great breakfast
meditation - worth 100$ takes 45 mins e==75$/hr to align life
painting - worth 800$ costs 50$ takes 4-6 hours (say 5) so t=5 & v=750 e==125$/hr to compensate for my art
software contracting costs 25$/hr rate is 135$/hr e=110$/hr to produce working software prototypes and products/services
cleaning up the house costs 10$ and is worth 150$ takes 2 hours e==75$/hr to make 1200 sq ft environment livable
not doing anything is worth a vacation @480$/day e==20$/hr to keep the motor going
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sudly
Darwin's stagger

Registered: 01/05/15
Posts: 10,797
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Re: This is a practical experiment, feel free to join and share. [Re: redgreenvines]
#28510237 - 10/19/23 05:35 AM (3 months, 8 days ago) |
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The results generated were;
Quote:
You value painting 10x more than contracting.
You value clean up just over half as much as you value contracting, and relaxing is absolutely fundamental for you.
That's just the result, any interpretation is unknown.
-------------------- I am whatever Darwin needs me to be.
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redgreenvines
irregular verb


Registered: 04/08/04
Posts: 37,530
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Re: This is a practical experiment, feel free to join and share. [Re: sudly]
#28510254 - 10/19/23 06:24 AM (3 months, 8 days ago) |
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Quote:
sudly said: The results generated were;
Quote:
You value painting 10x more than contracting.
You value clean up just over half as much as you value contracting, and relaxing is absolutely fundamental for you.
That's just the result, any interpretation is unknown.
hmm,
contracting and painting are about the same value in the end, and in both cases, I have hundreds of unpaid hours in speculative activity or - "skill grooming".
with the skill grooming cost figured in, my cleaning and cooking and coffee making are of equal value in real terms to my software dev contracting and art work.
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sudly
Darwin's stagger

Registered: 01/05/15
Posts: 10,797
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Re: This is a practical experiment, feel free to join and share. [Re: redgreenvines]
#28510257 - 10/19/23 06:28 AM (3 months, 8 days ago) |
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Are you separating worth from cost in that evaluation?
-------------------- I am whatever Darwin needs me to be.
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redgreenvines
irregular verb


Registered: 04/08/04
Posts: 37,530
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Re: This is a practical experiment, feel free to join and share. [Re: sudly]
#28510266 - 10/19/23 06:50 AM (3 months, 8 days ago) |
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valuation minus cost is net worth, no?
It's all approximate anyway.
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sudly
Darwin's stagger

Registered: 01/05/15
Posts: 10,797
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Re: This is a practical experiment, feel free to join and share. [Re: redgreenvines]
#28510276 - 10/19/23 07:06 AM (3 months, 8 days ago) |
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The cost isn't approximate though, not from where I'm looking or for what I'm asking.
You can have art worth 800 that cost 50.
It's worth 800, but the 50 dollar cost shows value.
V can be simplified to cost. And t to minutes taken to do task.
The worth isn't what I'm looking at.
-------------------- I am whatever Darwin needs me to be.
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Rahz
Alive Again



Registered: 11/10/05
Posts: 9,229
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Re: This is a practical experiment, feel free to join and share. [Re: sudly]
#28510289 - 10/19/23 07:31 AM (3 months, 8 days ago) |
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I used to be pretty poor so I do some things that are thrifty and some things that are dumb when I think about it.
Wipe clean wet hands with paper towel, let towel dry to use again. T=0 V=5 cents (Win!)
Pick gravel out of dirt T-10 minutes V=5 cents (Loose!)
-------------------- rahz comfort pleasure power love truth awareness peace "You’re not looking close enough if you can only see yourself in people who look like you." —Ayishat Akanbi
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redgreenvines
irregular verb


Registered: 04/08/04
Posts: 37,530
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Re: This is a practical experiment, feel free to join and share. [Re: sudly]
#28510309 - 10/19/23 08:30 AM (3 months, 8 days ago) |
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the cost is the canvas and the paint and the wear and tear on the studio and materials the worth is what the market bears. that's why the cost for a painting (24x30") that sells for 800$ is shown as 50$
how can I value my time at cost? my cost as a developer is tiny, I can write code on any keyboard even while sitting in the bath, (and I often have done so,) but the value has been instrumentally worth up to 135$/hr (wet or dry - I do my own time keeping) for banks, airlines, healthcare, etc.
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durian_2008
Cornucopian Eating an Elephant



Registered: 04/02/08
Posts: 16,684
Loc: Raccoon City
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Re: This is a practical experiment, feel free to join and share. [Re: redgreenvines] 1
#28510500 - 10/19/23 12:50 PM (3 months, 8 days ago) |
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I think that this itemization exercise is incredibly useful in labor relations and politics. In social relations, you don't like the person who is keeping score.
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sudly
Darwin's stagger

Registered: 01/05/15
Posts: 10,797
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Re: This is a practical experiment, feel free to join and share. [Re: Rahz]
#28510544 - 10/19/23 01:25 PM (3 months, 8 days ago) |
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Quote:
Rahz said: I used to be pretty poor so I do some things that are thrifty and some things that are dumb when I think about it.
Wipe clean wet hands with paper towel, let towel dry to use again. T=0 V=5 cents (Win!)
Pick gravel out of dirt T-10 minutes V=5 cents (Loose!)
Results:
Quote:
you use a lot of paper towels.
-------------------- I am whatever Darwin needs me to be.
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sudly
Darwin's stagger

Registered: 01/05/15
Posts: 10,797
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Re: This is a practical experiment, feel free to join and share. [Re: redgreenvines]
#28510547 - 10/19/23 01:27 PM (3 months, 8 days ago) |
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Quote:
redgreenvines said: the cost is the canvas and the paint and the wear and tear on the studio and materials the worth is what the market bears. that's why the cost for a painting (24x30") that sells for 800$ is shown as 50$
how can I value my time at cost? my cost as a developer is tiny, I can write code on any keyboard even while sitting in the bath, (and I often have done so,) but the value has been instrumentally worth up to 135$/hr (wet or dry - I do my own time keeping) for banks, airlines, healthcare, etc.
I don't think worth as what the market bears is what we use to make our own value assessments.
-------------------- I am whatever Darwin needs me to be.
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redgreenvines
irregular verb


Registered: 04/08/04
Posts: 37,530
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Re: This is a practical experiment, feel free to join and share. [Re: sudly]
#28510700 - 10/19/23 03:16 PM (3 months, 7 days ago) |
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that's precious!
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sudly
Darwin's stagger

Registered: 01/05/15
Posts: 10,797
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Re: This is a practical experiment, feel free to join and share. [Re: redgreenvines]
#28511003 - 10/19/23 07:50 PM (3 months, 7 days ago) |
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Your time is valued too
Cost and time taken.
Might find the patience required.
-------------------- I am whatever Darwin needs me to be.
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sudly
Darwin's stagger

Registered: 01/05/15
Posts: 10,797
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Re: This is a practical experiment, feel free to join and share. [Re: redgreenvines]
#28513546 - 10/21/23 10:22 PM (3 months, 5 days ago) |
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There's been an update to the model:Quote:
If you define monetary-hour units as the constant between value and time, you're essentially suggesting a measure that combines both the economic aspect (monetary value) and the temporal aspect (time). In this scenario, the concept revolves around the idea of quantifying the value of time based on a monetary metric.
In practical terms, monetary-hour units could represent the monetary value generated or spent per hour. For example, if someone earns $20 per hour and spends one hour jogging, the monetary-hour value of that activity would be $20. Similarly, if an individual spends an hour engaged in a hobby that doesn't involve any monetary cost, the monetary-hour value would be $0.
This approach allows for a unified metric that encompasses both time and monetary value, providing a straightforward way to compare the economic worth of different activities in terms of time spent. It can be a useful measure for personal budgeting, productivity analysis, or evaluating the cost-effectiveness of various tasks or leisure activities.
However, it's important to note that this metric simplifies the complexity of human experiences. It might not fully capture the subjective value individuals place on their time and the unique, intangible benefits derived from different activities. People's perceptions of value, fulfillment, and satisfaction are influenced by a wide range of factors beyond just time and money.
While monetary-hour units provide a numerical framework, they might not encapsulate the entirety of human experiences, emotions, and motivations associated with different activities. It serves as a pragmatic approach but should be complemented by a deeper understanding of individual preferences, cultural factors, and personal well-being when assessing the true value of time and activities.
-------------------- I am whatever Darwin needs me to be.
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durian_2008
Cornucopian Eating an Elephant



Registered: 04/02/08
Posts: 16,684
Loc: Raccoon City
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Re: This is a practical experiment, feel free to join and share. [Re: durian_2008]
#28513968 - 10/22/23 10:23 AM (3 months, 5 days ago) |
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Quote:
durian_2008 said: I think that this itemization exercise is incredibly useful in labor relations and politics. In social relations, you don't like the person who is keeping score.

Quote:
While monetary-hour units provide a numerical framework, they might not encapsulate the entirety of human experiences, emotions, and motivations associated with different activities. It serves as a pragmatic approach but should be complemented by a deeper understanding of individual preferences, cultural factors, and personal well-being when assessing the true value of time and activities.
In my schooldays, if I was sick, this one sleepover friend would force himself to eat exactly one meal he didn't like, when he could just request anything he wanted. Did this with birthday presents, romantic prospects (not limited to girls), and social promotions within a church where he pastored.
Another friend was comparing icecreams and trips to amusement parks.
On the other hand, I believe that (typically incompetent) champagne socialists should never be allowed to besmirch the dignity of labor.
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sudly
Darwin's stagger

Registered: 01/05/15
Posts: 10,797
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Re: This is a practical experiment, feel free to join and share. [Re: durian_2008]
#28521602 - 10/28/23 08:08 PM (2 months, 29 days ago) |
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The essence of the monetary-hour unit is that it is a pragmatic approach that provides a structured framework for evaluating the economic aspect of time.
I recognise that human experiences are multifaceted and influenced by a plethora of factors beyond just time and money. Factors like personal fulfillment, emotional well-being, social connections, and overall life satisfaction are invaluable aspects of human existence that can't be entirely quantified in monetary terms.
Monetary-hour units offer a quantitative perspective.
How do we balance quantitative considerations with a qualitative perspective? And what does it mean to do that in action? It is the ability to be able to have an understanding of the quantitative aspects of the qualitative experiences that enrich our comprehensions of value. To balance quantitative considerations with personal reflection of personal experiences. I want to try and approach a model to my reward and value systems that aims to provides a holistic approach to valuation, costs, and time management. A framework to aid in the management of the complexities of adulthood and individual liberation.
I realise that finding a balance between quantitative analysis and qualitative understanding is the same as knowing how to improve muscular growth. Knowing the process, but not doing the function.
That's where I think I find myself nowadays.
This feels like a good path to be going down, and I know there is a lot of involvement ahead.
-------------------- I am whatever Darwin needs me to be.
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redgreenvines
irregular verb


Registered: 04/08/04
Posts: 37,530
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Re: This is a practical experiment, feel free to join and share. [Re: sudly]
#28521611 - 10/28/23 08:19 PM (2 months, 29 days ago) |
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An hour is 60 minutes or 3600 seconds or 36,000 mind moments, an oceanic period of cascading impressions and familiar directions.
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sudly
Darwin's stagger

Registered: 01/05/15
Posts: 10,797
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Re: This is a practical experiment, feel free to join and share. [Re: redgreenvines]
#28521654 - 10/28/23 09:00 PM (2 months, 29 days ago) |
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That's why the monetary-hour unit is simply calculated by adding the hours in minutes it takes to complete a set of tasks for an objective, with the numerically objective value of the monetary investments involved in completing the total of the tasks for an objective.
Quote:
The practical calculation behind the monetary-hour unit. By combining the hours in minutes required to complete a set of tasks with the objective value of the monetary investments involved, you create a quantitative measure that represents the economic worth of time spent on a specific objective.
This calculation method provides a structured and straightforward approach to evaluate the efficiency and economic impact of tasks. It allows individuals and organizations to assess their productivity by considering both time and monetary investments, offering a unified metric for comparison and analysis.
However, as we've explored, while this method offers a quantitative perspective, it's essential to recognize the complexity of human experiences. Each moment within those hours and minutes is filled with nuanced thoughts, emotions, and actions that can't be fully captured by numbers alone. Integrating qualitative aspects, such as the depth of experiences and personal fulfillment, alongside quantitative calculations, can lead to a more holistic understanding of productivity and value. Balancing the quantitative measurement with an appreciation for the qualitative intricacies of human existence provides a well-rounded perspective on the true impact and significance of our actions and investments.
The monetary-hour unit serves as a valuable framework that combines quantitative analysis with qualitative considerations. It provides a structured approach to evaluating tasks and objectives by quantifying the time spent and the monetary investments involved. This quantitative perspective offers clarity and a basis for comparison.
However, its true power is realized when it is used in conjunction with qualitative insights. By considering the qualitative aspects such as personal fulfillment, emotional well-being, and the overall impact of tasks on one's life, the monetary-hour unit becomes a comprehensive tool. It allows for a balanced evaluation that takes into account both the tangible, measurable aspects of productivity and the intangible, subjective aspects of human experience.
In essence, this approach encourages a holistic understanding, ensuring that decisions and actions are not solely based on numbers but also incorporate the deeper, meaningful aspects of our lives and goals. Integrating quantitative and qualitative elements empowers individuals to make well-informed, balanced choices that align with their values and aspirations.
-------------------- I am whatever Darwin needs me to be.
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sudly
Darwin's stagger

Registered: 01/05/15
Posts: 10,797
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Re: This is a practical experiment, feel free to join and share. [Re: redgreenvines]
#28521674 - 10/28/23 09:18 PM (2 months, 29 days ago) |
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Quote:
redgreenvines said: aeropress coffee - worth 4$/cup - I usually make 2 (one for wife) so 8$ takes 5 minutes including clean up costs me 2$ -so t=1/12th hr & v=6$ e== 72$/hr to make great coffee
breakfast - worth 18$ takes 10 minutes and costs 5$ so t=1/6th hr & v=13$ e== 78$/hr to make great breakfast
meditation - worth 100$ takes 45 mins e==75$/hr to align life
painting - worth 800$ costs 50$ takes 4-6 hours (say 5) so t=5 & v=750 e==125$/hr to compensate for my art
software contracting costs 25$/hr rate is 135$/hr e=110$/hr to produce working software prototypes and products/services
cleaning up the house costs 10$ and is worth 150$ takes 2 hours e==75$/hr to make 1200 sq ft environment livable
not doing anything is worth a vacation @480$/day e==20$/hr to keep the motor going
Let's try it the new way then. The answers are in monetary-hour units.
Coffee: 9
Breakfast: 15
Meditation: 45
Painting: 350
Software contracting: 85 per/h
Cleaning house: 130
Holiday lounging: 2400 (given 12 hours in a day / a 2 day holiday @$480 p/day)
The MH units are good for assessing the productivity and value of different responsibilities, hobbies or interests.
By using monetary-hour units, we've transformed qualitative concepts (like the worth of a cup of coffee or the value of relaxation) into measurable units, allowing for a direct comparison between different activities. This method provides a practical tool for assessing the true economic impact of our actions and can aid in making decisions that align with your goals and values.
Understanding the monetary-hour units of different tasks and activities empowers us to optimize our time, focus on high-value activities, and make conscious choices about how we invest our resources. I think it's a valuable approach for personal productivity, budgeting, and overall life management.
-------------------- I am whatever Darwin needs me to be.
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