The cost of solving an operations problem scales with technical skill required. The cost of solving a strategy problem scales with risk involved. A new college grad and a Fortune 100 CEO may be facing structurally identical decisions, but the latter will cost 100x more to make.
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Replying to @vgr @RealtimeAI
A good proxy is how much you might get paid to help a college kid making early career decisions vs a CEO making billion dollar decisions of similar difficulty. It’s at least a 10x diff: $50 vs $500 per hour say, but you’d also spend 10x time double-checking/diligencing so 100x.
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Replying to @RealtimeAI
The costs come less from analysis than from emotional self-regulation needs (which might be addressed by more analysis, but not necessarily the only way)
10:36 PM - 18 Feb 2019
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