When Sanford DeVoe was in his first year of graduate school, he received his funding in the form of a salary. But to get paid for his second through fifth years, he had to log his teaching and research hours on a time sheet. “It changed the way I was thinking about my time,” he recalls from his office at the University of Toronto, where he is an assistant professor at the Joseph L. Rotman School of Management. “I started putting a price on that time, even when I wasn’t at…

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