Thursday, April 26, 2007

WTP

So this thought struck me yesterday. Who are the people I would be willing to die for? I mean in the most gory manner, you know, assuming that in Taliban style, a 12 yr old is going to slit either your throat open or the other person's and you have the chance to decide who it could be. I sat down to make a list and am a little ashamed to report that this list has VERY few names. I was totally sure about giving my life for very, very few people and was a little ambiguous about some others that I otherwise really love. I could include these others into the totally-sure list only if I whipped up some emotional hysteria - but not otherwise...my life seemed so much precious to me if I took a little colder view. Am wondering if its just me who's so selfish? It was a depressing thought so I got back to thinking about WTP.




...Willingness to Pay is a concept that I've loved ever since I first heard it years back in a boring economics class in b-school. Most actions in life are based on evaluating whether you are willing to (happily is the key word here) bear the consequences arising from your actions.

Typically, the higher the WTP, the less stressful your life is since then you dont waste time going around looking for other options which could/would lead you to the same outcome but with significantly more stress/heartburn. And you dont spend time agonizing whether you've paid too much.

For example, if you get into a relationship fully knowing and accepting that you'll be/you should be compromising on some aspects and force yourself to be ok with this, life becomes so much more enjoyable.

Ok, I know real application of WTP is totally different from this but I love how WTP has an effect on one's quality of life. The key is however in keeping your cards close to your chest - thats when you get the biggest bang for your buck, so to say. The other party then also feels happy about having had their way. If one takes the relationship analogy here, agreeing grudgingly to a demand earns you more brownie points (and probably more leeway in the next bone of contention) than conceding without a token show of resistance even if you had decided to agree in the first place.



So anyway, I'm back in Chennai for a few days - this seems to be becoming my 'karambhoomi' for most of April and May. I really want to sleep because of the super early morning flight in but sleeping at 11pm seems to be for squares. I anyway wake up at the same time (20 minutes before leaving for work) so best to keep awake till I can.


From a few years of experience I have seen that colleagues who are especially enthusiastic about flipping open their laptops at the airport, looking busy and important while waiting for the flight to be announced are often the ones who're the least focussed on work. This also applies to colleagues who send official mails much after office hours or early mornings. Somehow productivity increases only after office hours or only at airports/coffee shops. These are also people who refuse to be pinned down to specifics and love to talk 'big-picture' when talking about strategy. Ok I also know genuninely busy people too but then they're consistent about it.




No correlation to the post but these are two eunuchs who had come to our place...the pic was taken after the one in the white sari had banned us from snapping her pics - hence the pissed off look on her face and the giggly look on the other's and the rickshaw-vaala's face:




ps: the joys of a high WTP in its economic sense (and not metaphysical sense) are best explored on an all-inclusive expense account. heh.

pps: if you care about recommendations, DO watch this - it'll leave you rolling - ROFL style: http://endofworld.net/

9 comments:

Akhand said...

WTP is a favorite of mine too.. especially after i read " the undercover economist".. I liked the way u presented it..

Bty the new pic of racoon seems similar.. is it one from those... you clicked sometimes back

Shilpa said...

hahahahahaha:)))) that link was absolutely howlarious, P:)

Melody said...

Actually think I'd be willing to die for a lot of people. Am very very close to my family and so so many friends.

Hope it's one decision I'll never have to make however.

This post reminds me of my religion. We believe that Christ died for us & there's this line in the Bible which is so great - God showed His love for us that Christ died for us while we were still sinners.

It may be possible for some to give up their lives for someone they love/respect, but what about everyone else? Difficult if not almost impossible...

Melody said...

Btw, linked to you :)

Raccoon said...

Akhand: yeah, I did a whole project on WTP when the lalghati temple was just a small temple and they were thinking of making it into a tourist attraction by building a ropeway there...that was the begining of my love affair...although I've twisted it around here:)

Shilpa: haha, glad you liked it...I've seen it almost 40 times now and havent tired

Melody: that was very perceptive and nice...yeah I hadnt thought of that angle at all..that Christ died for us...am a little sad to report that I still cant bring myself to die for more than a very very few people:-(...somehow the mind starts rationalising when I take up individuals and I always end up deciding that I cant die for most of them:-(..I dont know what kind of a person that makes me but its not a proud feeling.
thanks for the link, much appreciated! I'll also update my list here soon:)

Raccoon said...

Akhand: no...I confess I've never seen a live raccoon..yet. Its a pic I took off the internet.

Tambourine Girl said...

No you aint the only selfish one... I'd actually asked myself this q years ago, and my answer now has gotten worse since then :-/

WTP thingy to be mulled over...

I liked this post :)

Melody said...

Hey Racoon, sorry this comment is not related to the post - just thought I’d give you a heads up on the Blog Party happening in Mumbai on June 9th 2007.

Please check my blog for more details: http://www.thevoiceinmyhead.com/2007/05/23/its-blog-p-a-r-t-y-time/

Hope to see you there! And DO spread the word!

wooster said...

and sir, long since i got here... guess what - you are tagged :)

follow the trail here... http://woostersblimp.blogspot.com/2007/06/tagged.html