Monday, February 11, 2008

Economics of Procrastination.

I've realized that procrastination makes perfectly rational economic sense. After all, we always discount the future.

Edit: Sadly, there is a flaw in my logic because we're maximizing utility, not leisure. Since utility is a function of consumption and labor, that means the optimal values of labor is not likely to be zero except in very very extreme circumstances that do not exist in real life. Darn.

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