While my 'Time value of Sleep' series is yet to be completed .. I have recieved a good insight from my alumni and fin god ... Firdaus aka Munna. Here it goes:
But u forgot that acc to this theory sleep now, work later maximises payoff.....so all 6 members of the grp will want to sleep first :D ..and the right to do so will go to the person who is willing to pay the maximum premium...how do you take care of that?
My response: Agreed that there should be a premium attached to the act of sleeping earlier. And the value of the premium can be ascertained only after we can decide how the work delegation takes place. This stage is not been included in my study and will try and incorporate it in future posts. Meanwhile this may be of some help:
3d2-approach-to-team-management
Second insight .. and needs a special mention is Surya P Rao's comment:
"The options can have a negative payoff in case the quiz gets cancelled resulting in rework , sleep lost cannot be gained back.
There are stages to sleep like alpha REM stage, beta & gamma where the last stage is required where people dream..Of course its important to sleep dream.
Hence the discounting factors are variable in these stages."
My repsonse: Darr ke aage jeet Hai! :(
A quiz that gets cancelled results in loss to all and not to one person. Also effort for quiz is put in by all and not a single person. Hence it has a negative pay off for every one resulting in a net zero impact.
Regarding stages ... Illustration 3 will talk about these in details and will explain why sleeping now is better than in shorter periods at regular intervals.
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2 comments:
a value can be found for the premium too......competitive bidding process...made famous by Indian Power Ministry of late :D
well said munna !! ... the NC treats and barter systems can also work out !
u do assignments .. i ll attend classes for you :D
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