What are the key takeaways from "Algorithms to Live By" that are actionable for freelancers or independent contractors?

One of the key takeaways from "Algorithms to Live By" that can be actionable for freelancers or independent contractors is the concept of task prioritization based on the ratio of task weight to completion time. This approach allows you to determine each task's hourly rate. By dividing each project fee by its size and working from the highest hourly rate to the lowest, you can optimize your time and income. This method can help freelancers and independent contractors to manage their tasks more efficiently and maximize their earnings.

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Algorithms to Live By: The Computer Science of Human Decisions by Brian Christian and Tom Griffiths

Can computer science teach us the secrets of life? Perhaps not, but they can shed light on how certain everyday processes work and how to exploit them...

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Another approach is to assign a weight to each task, such as how much money it will bring in. Divide each task's weight by how long it will take to complete, then work in the highest to lowest order. For a freelancer or independent contractor, this allows you to determine each task's hourly rate. Divide each project fee by its size and work from the highest hourly rate to the lowest.

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The task prioritization method from "Algorithms to Live By" has significant potential for real-world implementation. It's particularly useful for freelancers or independent contractors who need to prioritize their tasks based on the potential income they can generate. By assigning a weight to each task (such as the potential income it can bring) and dividing it by the time it will take to complete, individuals can determine the "hourly rate" of each task. They can then prioritize tasks from the highest to the lowest hourly rate. This method can help in efficient time management and maximizing income.

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