Fair point, that’s a reasonable callout. I think elasticity here is likely between 0 and 1, so really you should apply some discount, say maybe 30% of the counterfactual is productive work time for example? So we get to >$30/h per person and >$15/min for the party, in the above Fermi.
(As an aside, at least for me, I don’t find EA parties particularly relaxing, except relatively small ones where I already know almost everybody)
Fair point, that’s a reasonable callout. I think elasticity here is likely between 0 and 1, so really you should apply some discount, say maybe 30% of the counterfactual is productive work time for example? So we get to >$30/h per person and >$15/min for the party, in the above Fermi.
(As an aside, at least for me, I don’t find EA parties particularly relaxing, except relatively small ones where I already know almost everybody)