Re: [Pen-l] smart grid question

[Jim Devine <jdevine03@xxxxxxxxx>]

Miracle Max wrote:
> The next-generation thermostats will solver your inter-temporal
> optimization problem, switching your heat and A/C on and off in
> response to price changes, in coordination with your tolerance for
> uncomfortably high or low temperatures, constrained by health, your
> lifetime income, and liquidity constraints.  Econ grad students are
> solving this problem as we speak.

why is this inter-temporal? if you borrow to pay your utility bills,
you lack the scope to plan ahead. It's a cash-flow decision.

-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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