I think Kaprow is talking about how examining the minuscule actions you preform during the day and really thinking about them can lead you to discover new things about yourself which can't be measured by art collectors or other people. Everything has a sort of artistic value if you take the time to look at it enough.
I think this article will really help us to think abstractly. When you first told us about the assignment, I thought that it was going to have to be a video or something that's literally about time, but now I see that this can be an abstract sort of thing or that I can approach it in a metaphorical manner.
-PERI