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throwawaytemp29 | 3 years ago
Also time has value, getting something earlier is generally better due to compound interest. Even some vague utility function like fun can display such a property of being better earlier, due to being able to remember the memory for longer.
acjohnson55|3 years ago
Sometimes, you really do need someone who will be a heavy hitter on day 1. Other times, you can afford to wait to let someone mature.
jvanderbot|3 years ago
jacoblambda|3 years ago
For example, if you take `y` to be quality of life, you obviously want the highest quality of life you can get but what really matters is the integral `Y` quality of life over the course of your lifespan.
A steeper slope that starts you with a much worse QOL isn't inherently better just because the end of your life is spent with a high QOL. Doubly so as depending on how age effects your ability to do the things you enjoy or the experiences you form/retain, the true function you care about (let's call it `z` and `Z`) may decrease the impact of `y` with time. Even more so when you don't know what lies in your future and/or how long you'll be around.
This applies to knowledge and utility as well. Your immediate utility `y` is an integral. It's the aggregation of your accumulated knowledge. However the integral of this, `Y` is the total utility throughout your life. You may be more immediately useful with the steeper red slope later on but you get more total work done with the shallower blue slope.
xigoi|3 years ago