Our lives and startups are all real options. Successful people have implied vol higher than average/realised, is it their edge?
Mental model: think of one's plans & property in terms of real options, leaving open abilities to make a variety of future decisions. "Like financial options, in an uncertain world real options often have substantial value." https://unenumerated.blogspot.com/2008/04/gas-stations-grant-real-options.html … https://faculty.fuqua.duke.edu/~charvey/Teaching/BA456_2002/Identifying_real_options.htm …
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This means these people can think wider possibilities than even unexpected natural turns of life happen
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Some A.I./physics entropy research says maintaining options is hallmark or foundation of intelligence. Beats some Atari games without training. In Rubik's cube, fastest solve does not start putting pieces in place, but keeps entropy high. 12 balls w/ 3 weighings is another ex.
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If a solution is a series of N options in M steps, & each N causes a similar large amountt of change, the smallest M solution typically has highest Shannon H entropy (N treated as symbols).
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Similarly, wiki implies compression = intelligence as far as anyone can tell. Physics laws = most efficient compression of observations. Highest compression = highest normalized entropy = each symbol (next step in a sequence) is equally likely (open to choice).
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Capitalism is intelligently sacrificing options (investment) for profit (acquiring more options). Acquiring more potential energy from society via legal (e.g. tender) control gives the option of turning it into kinetic energy in the future.
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Here's some more on real optionshttps://hbr.org/1998/09/strategy-as-a-portfolio-of-real-options …
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@NickSzabo4 With tones of information ame versions about human history around this planet i have found this book very interesting.pic.twitter.com/8wOAsKvlvr
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