Even free time has value: maybe people would by default talk about work in their free time, or relax in a more optimal way than partying, thus making them more productive. So a suboptimal party can still waste lots of value in ways other than taking hours away from work. Given this, there are many people whose free time should be valued at >$100/βh.
Even free time has value: maybe people would by default talk about work in their free time, or relax in a more optimal way than partying, thus making them more productive. So a suboptimal party can still waste lots of value in ways other than taking hours away from work. Given this, there are many people whose free time should be valued at >$100/βh.