We're sorry this is late; we really meant to post it sooner: "Steel has also come up with the E=MC2 of procrastination, a formula he's dubbed Temporal Motivational Theory, which takes into account factors such as the expectancy a person has of succeeding with a given task (E), the value of completing the task (V), the desirability of the task (Utility), its immediacy or availability (a) and the person's sensitivity to delay (D).
It looks like this and uses the Greek letter a: Utility = E x V/aD"