Doing the math: life problems
- If your problem involves comparing 2 things that happen at the same time, then just add up the 2 effects and see which is bigger.
- If your problem involves comparing 2 things that happen at different points in time, you need to discount things that happen later.
- If your problem involves comparing things that aren’t directly comparable (say the benefit of enjoying your job more versus earning more money), you can convert one to the other by imagining a trade-off point for each.
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