Great Western Forum

April showers bring May flowers, Iron Man 2-D, Jonathan’s dark side, pancake stackers, R.I.P. Thomas Angrove, LaShawn Merritt got bigger, the racist Baltimore Orioles, bombshell bomb eater, San Fran prepares for destruction, What Were You Thinking?, the $100 day changer, Profs on addies, how long would it take for my ejaculate to drive to Vegas?, Jim Carrey is the Nolan Ryan of jizz, Ronald Wayne has no regrets, we need alien tasers, gold is king, Seth and Hefner save Hollywood, swim coaches know how to party, everyone fucks more than their parents fucked, don’t trust anyone over 30, a powerful line up of ingredients, fucking raw for 50 years, dumb dumb sperm no worky worky, sell it and do it Hallmark, Wi-Fi Scrabble, Ambien-Oxies and the Unabomber’s thoughts on mechanical singularity. 

This week’s episode is dedicated to the craft of crystal healing.

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As Heard on Uhh Yeah Dude (links to shit talked about on the show)

IHOP Pancake Stackers

Jerry’s Deli

A Tribute to Thomas Angove

LaShawn Merritt

Dr. Hanson: What were you thinking?

The SETI Institute

Into the Universe with Stephen Hawking

Quietus

When Love is Not Enough

Ed Learns to Read

So, quietus means death blow, or final release from life.  I wonder if the makers of Quietus are aware of this.

Here’s to fire. Not the fast and furious kind that burns down shacks and shanties, but the slow seductive kind that takes down pants and panties.

WHAT THE FUCK is your crazy life with your daughter, yo! Like, this is crazy son!

this was a super fresh epi

I’m sure there’s a listing of intro and outro songs somewhere on the monsterweb but I can’t seem to find anything.  I loved the selections on this most recent episode—can anyone tell me what they were?

they’re in the podcast information section. should be listed in itunes if you use that.

also, i believe they’re listed on weck’s wiki for this episode.

Open wide.

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People in the thirties really did move faster.

$100 vs $102, tomorrow or a year & a day.

It makes perfect economic sense to me.

$100 today/$102 tomorrow = the difference between receiving $100 per day and receiving $51 per day.

$100 in 365 days/$102 in 366 days:  $0.2739 per day vs. $0.2786 per day. 

In both cases, the rational economic actor intuitively chooses the higher per day rate.

janey - May 5th 2010 @ 10:09 am

$100 vs $102, tomorrow or a year & a day.

It makes perfect economic sense to me.

$100 today/$102 tomorrow = the difference between receiving $100 per day and receiving $51 per day.

$100 in 365 days/$102 in 366 days:  $0.2739 per day vs. $0.2786 per day. 

In both cases, the rational economic actor intuitively chooses the higher per day rate.

Don’t you have to factor in the Time Value of money?

“For example, 100 dollars of today’s money invested for one year and earning 5 percent interest will be worth 105 dollars after one year.”

Sure, but in the given context, right?

No one is offering $100 today or $105 (or $102) in a year.

The questions are: $100 today/$102 tomorrow OR $100 in a year/$102 in a year + a day.

If it takes a year to earn $100 and only one more day to earn an additional $2, your wise choice is to wait a second day.

If it takes a day to earn $100 and a whole extra day (i.e., twice the time frame) only to earn an additional $2, your wise choice is to take the money today.

That IS taking into account the time value of money in the context in which the choices were presented.

You take the 100 today cuz you can’t fucking trust anyone these days, give me that 100 now cuz I doubt I’ll see your ass tomorrow.
Oh J-Dog, 100 and you can go to the strip-club. Really? What on earth are you going to get accomplished at a strip-club with $100? A solid case of blue-balls?

janey - May 5th 2010 @ 12:26 pm

Sure, but in the given context, right?

No one is offering $100 today or $105 (or $102) in a year.

The questions are: $100 today/$102 tomorrow OR $100 in a year/$102 in a year + a day.

If it takes a year to earn $100 and only one more day to earn an additional $2, your wise choice is to wait a second day.

If it takes a day to earn $100 and a whole extra day (i.e., twice the time frame) only to earn an additional $2, your wise choice is to take the money today.

That IS taking into account the time value of money in the context in which the choices were presented.

It was a trick question to show how most people aren’t responsible in the way they make decisions about money. I watched this epi of Nova that Seth was talking about and its about how John Smith’s invisible hand theory of the free market is not a constant, because humans are irrational about money. The reason most of us are irrational about money is because we let our view of money and possessions take on an emotional level. Check out this: http://www.youtube.com/watch?v=Mojw7DIpu1k  It’s a pretty good assessment of how society and the free market got to where it is now. The answer to the question posed about waiting and extra day for the extra 2 dollars is the people were lying about what they thought was a hypothetical question, but when posed with the same question the people thought there was a chance of getting the money today emotions took over and the answer changed, imagine if the questions were asked in reverse order, then the subjects would have given the same answer of just taking the hundo, due to the true selfish nature of humans when it comes to money, sex, and drugs.

Good ep. I’ve also been seen commercials for Iron Man 2 every freakin’commercial break. I’m still going to see it though. And no, I don’t think Jah has been sounding dark, although there was a couple of epissodes in the 170s-180s where they both sounded really glummed out.

Nashville - May 5th 2010 @ 01:47 pm

It was a trick question to show how most people aren’t responsible in the way they make decisions about money.
...
The answer to the question posed about waiting and extra day for the extra 2 dollars is the people were lying about what they thought was a hypothetical question, but when posed with the same question the people thought there was a chance of getting the money today emotions took over and the answer changed, imagine if the questions were asked in reverse order, then the subjects would have given the same answer of just taking the hundo, due to the true selfish nature of humans when it comes to money, sex, and drugs.

You know, I understand that the question was TRYING to be a trick question about emotions and money, and that’s why I pointed out that the people who responded in a way that we intuitively take as irrational (i.e., $100 today vs $102 tomorrow) are in fact the rational economic actors, when you break it down as I did above.

I agree with for short’s simple but to the point answer. If I could get that money now, I’ll take the money. You don’t know what’s going to happen between today and tomorrow. A 100 a year from now or 102 a year and a day is practically the same thing, so it’s like whatever.

Oh and J-hern’s post encapsulated everything else I was going to post before. I had some additional hippie sounding shit about life and the meaning of it all, but it started sounding lame so I killed the post.

J-hern - May 5th 2010 @ 02:23 pm

And no, I don’t think Jah has been sounding dark,

This blew me away. I didn’t know J-Dog was black, but I guess that’s why Seth calls him J-Dog.
Oh fuck, that means J-Dog loots, look there he is now.

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You’re about to get a case of beer but can get it across the road for $5 less - you’d cross the street. If you were about to buy a $9000 3D widescreen home entertainment system and could get it across the road for $5 less you wouldn’t bother crossing the street.

People focus on the most salient factor to them. A small ratio or small difference in time way down the road is NOT as salient as “right now” or a larger portion of the cost.

Same $5 though.But it also makes sense because things ARE relative and we look at some propositions as short term or long term.

Taco Bill’s, ahh dammit. No regrets, no surrender. Which was the episode where they mention the dude at Pearl Harbor that doesn’t have any regrets either?

Hey, what are those fighter pilots? DON’T WORRY ABOUT IT. YOU HAVE EVERYTHING TO REGRET, FUCK.