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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

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Venkatesh Rao

@vgr

Conversational account. For work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian. IKEA builder.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    1. Venkatesh Rao‏ @vgr Nov 26
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      Gap between median and outlier payoffs for some activities has a huge range Making $: making a living vs making billions Operating vehicles: riding a bike vs piloting a spacecraft Others, range is small. Eating: diff between median meal vs best meal possible is small (for me)

      18 replies 1 retweet 56 likes
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    2. Venkatesh Rao‏ @vgr Nov 26
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      What are some other activities besides money and operating vehicles where the payoff range is that huge? Some KPI must span orders of magnitude (money and velocity in those 2)

      13 replies 0 retweets 3 likes
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    3. Venkatesh Rao‏ @vgr Nov 26
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      Hmm. Collection hobbies. The median stamp collecting kid collects some common stamp. The extreme outcome person collects a really rare stamp that might be the only example of its kind in the world. In general, rarity of payoff is the meta-KPI for many activities.

      2 replies 0 retweets 7 likes
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      Venkatesh Rao‏ @vgr Nov 26
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      "Leveling up" can be a kind of exceptional payoff. The distribution is normal at each level because the extremes either drop out or level up. Competitive levels often represent order of magnitude payoff increases.

      4:31 PM - 26 Nov 2020
      • 5 Likes
      • Dreams max arb Billy Smith O° Smythelan
      1 reply 0 retweets 5 likes
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        2. Venkatesh Rao‏ @vgr Nov 26
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          There was some academic article on the structure of elite performance that I can't find now, focusing on swimming improvements as you go up levels. Something about how when you level up the training mode qualitatively changes.

          3 replies 0 retweets 8 likes
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        3. Venkatesh Rao‏ @vgr Nov 26
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          Observation capabilities. Median person is naked eye or binoculars vs. even small telescope. Astounding difference in payoff, a large chunk of it due to Saturn's rings. Of course, not everybody appreciates it. Most of my near family owes Saturn ring views to me. Most are "meh."

          1 reply 0 retweets 7 likes
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        4. Venkatesh Rao‏ @vgr Nov 26
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          I feel like making a distinction between payoffs you can spend (like money, fame, power) that you must spend in some way over an extended period of time vs. those that you can only enjoy (like being in space or playing an instrument).

          1 reply 0 retweets 3 likes
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        5. End of conversation

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