2min chapter

80,000 Hours Podcast cover image

#48 - Brian Christian on better living through the wisdom of computer science

80,000 Hours Podcast

CHAPTER

How Do You Determine the Cost of Delay?

In the house case, you saywhat willyou tring? Like maxima is the value of the sale. An you have a cost o telay. You say, basicallyouk figure out a range of plausible a bids that someone ma say, between 400000 dollars and 600 thousand dollars. And then that's like, i yes, you got the the lower and the higher, and then you know the cost o delay relative to that range. That determines what your threshold will be in that term. Teagais a nob price for that.

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