Found 2 bookmarks
Custom sorting
Bad Metaphors: The 30,000-Foot View
Bad Metaphors: The 30,000-Foot View
The phrase is meant to convey authority, but it is also a plea for trust. Believe me, I can see more than you — so do as I say. ​ While these sights may amaze the neophyte air traveler, the window-seat view soon becomes routine — and yet it still manages to conserve its power in metaphor. ​ While everyone is invited to see things from 30,000 feet, not everyone is invited to stay there or make decisions from such an elevated position. ​ The expression enfolds a double maneuver: It shares a seemingly data-rich, totalizing perspective in an apparent spirit of transparency only to justify the restriction of power, the protection of a reified point of authority. ​ It’s not about flight at all: It is a vertical metaphor to negate horizontalism.
·reallifemag.com·
Bad Metaphors: The 30,000-Foot View
Pareto efficency
Pareto efficency
I often think of Pareto efficiency in terms of decision making. The closer you get to the Pareto frontier (of the space of possible solutions), the harder it is to make any decision Pareto efficient. Meaning for almost all decisions, you’re going to have to sacrifice something. For instance when you do a big refactoring of a system it’s easy to get hung up on trying to preserve all features while adding a few new ones. In reality this is going to be extremely hard or impossible. If you can do it possibly it’s because you forgot to include some other axis in your analysis, like code complexity. It’s like pushing a balloon into a box. loss aversion may sometimes be explained by people trying to make Pareto efficient decisions. My conclusion from this silly example is that you should really think twice before assigning the responsibility of a functional area to a single person. A simple model for why buying decisions are so hard is that it involves Pareto effiency – market economy will drive out all TV’s that are dominated, leaving only the TV’s on the Pareto frontier. That makes it a lot harder as a consumer because now every choice will become a trade-off. Whereas in something like clothing there’s a lot of dimensions, so you should expect a more fragmented market.
·erikbern.com·
Pareto efficency