relativity and immediate gratification

[paco114]

Let's do some math here...

$100/ 28 days ~ $3.57/ day

Add three days and $20...

$120/ 31 days ~ $3.87/ day

I see the advantage to waiting in that case.

$100/ 1 day = $100/ day

Add three days and $20...

$120/ 3 days = $40/ day

There is no advantage to waiting the extra three days in this one. Is my logic off or what?

[Issaxs1]

@paco114 There is an advantage because 3 days x $40/day = $120 compared to only $100 dolars you would get if you did not wait three days.

[McGinlay1]

@paco114 nicle done big yin ;) 

[RiorXD]

iwouldnt drive 20 minutes for 8 dollars off something thats 500 dollars. the 8 dollars off the 15 dollar toothbrush is almost 50 precent off and if the suit was 50 percent off id drive the 20 minutes. so comparing the tooth brush to the suit isn't a fair comparison. but waiting for the extra 20 dollars in both cases is worth it weather its just 3 days or 31 days the extra is worth it

[Adkit2]

Or if you have Asperger's Syndrome like me you just think about the logics behind it instantly.

[macintoshpixel]

Very inreresting. Keynote rocks! How did you get this ical icon with your own days on it?

[Guildhelm]

Very interesting video :)

[pyrrho314]

this is totally awesome!

[crislv9]

Interesting analysis but it is missing a critical factor. Just like trombone7 says, you do not take into account the natural human way to assess risk. I think the rule is something like this: the further in time or greater in cost something is, there is a risk the alternative may not occur, therefore, it is better to take the reward of lesser risk. In other words.. it is something akin to "a bird in hand is worth two in the bush".

[carlmmii]

Very nicely done presentation.

[avizliran]

Gr8 video

[trombone7]

There other factors here.

Such as trusting the source of information that you can get it cheaper somewhere else.

They take the hundred dollars now instead of a $120 in three days because there is no fuss, no muss, no trust.

They take the 120 in 31 days because the whole thing is up in the air with zero effort invested to begin with.

Who are you ? Will you remember me in 3 or 28 vs. 31 days ?

Yeah I'd take the immediate money too.

[cheedar]

@trombone7

But let's just say that someone like your dad promised you. Immediate gratification is a flaw of humankind.

[trombone7]

@cheedar Immediate gratification may be a flaw of humankind, but this video does not demonstrate that well. If I'm walking in some mall and some dude holding a clipboard made these offers, I'd likely take the more immediate ones. A laboratory environment is a little better, but not much.

[rdhawan]

Nicely done video...I liked the clarity of both the audio and the visual aids used...