If you had 5 dollars and 2 hours, how would you make as much money as possible?
31–40 of 196 posts
Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#32If you're not thinking of watching the video, think again. Even if you watch just the last two minutes. There's a good twist in the tail in the way the most successful team made the most money :-)
Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#33It's like a weak form of the Sapir-Whorf Hypothesis, where language shapes your thinking.
nb: it's "always surprising", because that is the nature of framing and then noticing the frame...
Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#34#1. Buy a hammer. #2. Threaten people with it. #3. Take their money. #4. Profit! I kid!
Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#35Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#36Earlier quoted context omitted.
The peculiar thing about these brilliant hacks is that they challenge our assumptions about what's allowed to such an extent that they feel dishonest. That isn't because there is anything amoral about them. Social interactions are a kind of delicate dance, they thrive on a certain basic level of predictability. So people are unnerved when that is taken away from them.
It was a bit dishonest - they sold other peoples time without any guarantee they could deliver it. The students could all have got up and left saying they weren't going to be exploited, or have done a non-violent protest, etc.. Very clever though.
You're right: these "genius entrepreneurs" were selling the time of their classmates. The 3-minute slot had no value if their classmates didn't tolerate the fact that their time became a commercial - one which they certainly didn't opt into.
On the one hand, it's probably true that the timeslot they sold was the most valuable thing they had, for the purposes of the demonstration - and on that basis, they get a "gold star" for making the identification.
On the other hand, their actions were questionable at best, and unethical at worst. Imagine, for example, if professors routinely sold part of their lecture time to any startup that wanted a few interns. It's a strategy that doesn't scale, because it erodes trust and reduces the chances that it will work in the future. Therefore, it's a bad strategy and a bad "moral of the story."
Recap: good exercise in identifying valuable things, bad exercise for determining sustainable growth.
Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#37Teacher: "And the TEAM that made the absolute most MONEY challenged absolutely every assumption and managed to make $5000 in the two hours." Student: "How?" Teacher: "Prostitution." Student: "Who was in second place?" Teacher: "The team that robbed a convince store."
Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#38If you're not thinking of watching the video, think again. Even if you watch just the last two minutes. There's a good twist in the tail in the way the most successful team made the most money :-)
Can someone just spoil it please? I hate having to waste my time in order to glean insights. Pareto.
Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#39If you're not thinking of watching the video, think again. Even if you watch just the last two minutes. There's a good twist in the tail in the way the most successful team made the most money :-)
Can someone just spoil it please? I hate having to waste my time in order to glean insights. Pareto.
Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#40Earlier quoted context omitted.
It was a bit dishonest - they sold other peoples time without any guarantee they could deliver it. The students could all have got up and left saying they weren't going to be exploited, or have done a non-violent protest, etc.. Very clever though.
The more I think about the video, the more disappointed I become. You're right: these "genius entrepreneurs" were selling the time of their classmates. The 3-minute slot had no value if their classmates didn't tolerate the fact that their time became a commercial - one which they certainly didn't opt into. On the one hand, it's probably true that the timeslot they sold was the most valuable thing they had, for the pu…
Exactly. But you miss the fact that they already had the time of their classmates to sell. No matter what happened, the classmates would have to sit through 3 minutes from this group.