This might be better as two posts, both of which seem valuable, and both of which need a little more detail.
The exploration of the “cost of time” is currently a little hard for me to follow, as it seems to be based on a model of time and definition of value that I don’t quite get. Time isn’t a resource in the same way that other valuable commodities are—you can’t store it or transfer it, it just happens at the rate of one second per second. You really do not trade time for money (or anything else), you only decide to spend time on something that has higher money expectations than some alternate activity. You still get the experience of doing whatever it was that brought the money.
The second part, about the recursive cost evaluation of choosing how much time/attention/whatever to invest at what level of meta-choice is a question that is applicable to all decisions, from how much to spend on investment research to how to choose how much to practice vs compete at a sport. Of course, even for divergent situations, you have to choose, so gathering information (and meta-information like searching for strategies) forever is clearly wrong, unless “do nothing” is a likely optimum action. Putting together a simplified model and running some results of it would go a long way toward finding more specific questions to ask on various topics.
This might be better as two posts, both of which seem valuable, and both of which need a little more detail.
The exploration of the “cost of time” is currently a little hard for me to follow, as it seems to be based on a model of time and definition of value that I don’t quite get. Time isn’t a resource in the same way that other valuable commodities are—you can’t store it or transfer it, it just happens at the rate of one second per second. You really do not trade time for money (or anything else), you only decide to spend time on something that has higher money expectations than some alternate activity. You still get the experience of doing whatever it was that brought the money.
The second part, about the recursive cost evaluation of choosing how much time/attention/whatever to invest at what level of meta-choice is a question that is applicable to all decisions, from how much to spend on investment research to how to choose how much to practice vs compete at a sport. Of course, even for divergent situations, you have to choose, so gathering information (and meta-information like searching for strategies) forever is clearly wrong, unless “do nothing” is a likely optimum action. Putting together a simplified model and running some results of it would go a long way toward finding more specific questions to ask on various topics.