Decision time: Monday 8:30 am flight out of Greensboro, 1:45 from Boone. Do I drive at night and get 7 hours of sleep or do I get up early on Monday morning for the drive and get 5 hours sleep (don't ask me to go to bed early ... what am I? a 5 year old?). The first option requires a night in the Motel 6 at about $46:
I choose the evening drive: 2 extra hours of sleep at a cost of about $46. According to the notion of revealed preference I value an hour of sleep by at least $23.
Note: this morning I had 15 minutes to check my email. In the coffee shop next to the hotel I couldn't tap into WiFi. The coffee shop WiFi costs $9.95. The business center at the hotel has free WiFi but it's around the corner and would require repacking my laptop bag. I'm tempted to pull out my credit card but ... what am I? crazy? ... I go without email. According to the notion of revealed preference, I don't value my email THAT much!
