Re: [Pen-l] smart grid question

[Max Sawicky <maxbsawicky@xxxxxxxxx>]

You can decide to save money and be cold now and
warmer when you're older, or vice versa.

And you call yourself an economist.


On Mon, Jun 8, 2009 at 1:56 PM, Jim Devine<jdevine03@xxxxxxxxx> wrote:
> 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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