![]() |
|||
|
Something Appropriate
POSTED:Tue, June 3, 2008 @ 11:32AM
time vs. valueI always like the NFL draft, because there is a hard formula for calculating value based on time of selection. Not only is this true contractually (rookie contracts are allotted on a scale, with the first draft pick making the most, the second making slightly less, etc.) but also for the picks before they are made. For example the 5th overall choice may be worth roughly one 15th overall plus a second round choice.Anyway, the point being is these formulas would be great to apply to everyday life. As I was sorting for a yard sale, I realized that some of this stuff we were saving from the last yard sale may fetch 2 bucks total, meaning the time invested in storage probably vastly outweighs the fiscal value. In contrast, a futon we were saving to sell may fetch 20 bucks or more. Meaning since it did take up some space, it wasn't being otherwise used and $20 will get me a third of a tank of gas. nothing to scoff at. meaning its worth keeping. so, breaking out ye' ol math skills, here is a formula i will now try and create ( (value) TIMES (1/time to be stored) ) > 1 Translated Take the approximate value and multiply it by the inverse of time (Usually in months) if the result is greater than one, keep the item. ($20 futon) TIMES (1/12 months) = $1.6 > 1 keep the item if you have an entire box of stuff, you should use the value of the entire box, not just each individual item. Of course this ignores the value of storage, the amount of space the item takes up and the value of the space if it were used for other things. But at least its a hard number that you can use. ( a hard number that is statistically worthless.) But if this is what it takes to get me to finally though out those ugly lamps, so be it. NOTE: this is a great argument for thinking out what one writes instead of just scribbling it out as it comes to your head. And don't tell Kerouac I said that.
Share:
|
Brad Tennant![]() Designer BRAD TENNANT is a fictional character in the American animated television series Scooby-Doo, about the adventures of four crime-solving teenagers and BRAD's pet Great Dane, PIPER. A cowardly slacker more interested in eating than solving mysteries, BRAD is the second most-popular character in the franchise after PIPER HERself, and is the only other Scooby-Doo character to appear in all iterations of the franchise.
Contact Info
304-485-1891 x252
My Favorite Sites
The Cubs
Recent Blogs
» Video game football |
|